Economic Opportunities Advancement Corporation of Planning Region XI

Analysis

Economic Opportunities Advancement Corporation of Planning Region XI is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in January 1968, 58 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 August 2023, Economic Opportunities Advancement Corporation of Planning Region XI reported income of $23.7m and spending of $23.0m, spending 97% of its income. Across the 6 years on record, from April 2019 to August 2023, income fell from $24.1m to $23.7m (-1.7%), an average of -0.3% a year. The sharpest change came in the year to August 2022, when income rose by 328%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Economic Opportunities Advancement Corporation of Planning Region XI sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Moka Corporation ($23.7m), Metropolitan Area Agency on Aging Inc ($23.7m) and Shalva Israel Assoc to Relieve the Handicapped Child and Family ($23.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $185k (0.8% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $13.9m against liabilities of $5.3m, net assets of $8.6m. It reported 287 employees.