Inez Community Benefit Association

Analysis

Inez Community Benefit Association is a registered charity in United States, based in Inez, TX. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Inez Community Benefit Association reported income of $162k and spending of $123k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $158k to $162k (+2.4%), an average of +0.8% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inez Community Benefit Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Keep Foundation Inc ($162k), Positive Outlook Inc ($162k) and Chinese Overseas Transportation Association Inc ($162k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 33% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $11k (9.3% of expenses). Other salaries and wages came to $3,268. At year end it held assets of $610k against liabilities of $111k, net assets of $498k. It reported 11 employees.