Caritas of Waco

Analysis

Caritas of Waco is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in July 1984, 42 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 December 2023, Caritas of Waco reported income of $17.1m and spending of $16.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.2m to $17.1m (+13%), an average of +3.0% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caritas of Waco sits at the 96th percentile: it is larger than about 96% 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 Bethany Ranch Home Inc ($17.1m), Institute for Public Health Innovation ($17.1m) and State Alliance of Michigan Ymcas ($17.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $75k (0.5% of expenses). Other salaries and wages came to $760k. At year end it held assets of $6.8m against liabilities of $111k, net assets of $6.7m. It reported 50 employees.