Methodist Childrens Home

Analysis

Methodist Childrens Home is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in July 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Methodist Childrens Home reported income of $62.3m and spending of $32.4m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $33.1m to $62.3m (+88%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 129%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Methodist Childrens Home sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Covenant Hospice Inc ($62.2m), Young Mens Christian Association of Central Ohio ($62.4m) and Firstday Foundation ($62.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $1.2m (3.8% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $717.8m against liabilities of $4.7m, net assets of $713.1m. It reported 383 employees.