First United Methodist Church Foundation of Kerrville Texas Inc

Analysis

First United Methodist Church Foundation of Kerrville Texas Inc is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in March 1982, 44 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First United Methodist Church Foundation of Kerrville Texas Inc reported income of $58k and spending of $52k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $71k to $58k (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 259%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First United Methodist Church Foundation of Kerrville Texas Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Society of American Foresters ($58k), St Theodore Catholic School Endowment Fund Inc ($58k) and PTA New York Congress ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.