Historic Waco Foundation Inc

Analysis

Historic Waco Foundation Inc 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 arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Waco Foundation Inc reported income of $414k and spending of $460k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $754k to $414k (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Waco Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Columbus Dance Theatre Inc ($414k), Making Gay History Inc ($414k) and Pensacola Mess Hall ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 8.9% of the total. Other salaries and wages came to $202k. At year end it held assets of $2.7m against liabilities of $32k, net assets of $2.7m. It reported 10 employees.