Waco Family Practice Foundation

Analysis

Waco Family Practice Foundation is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in October 2024, 2 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waco Family Practice Foundation reported income of $6.6m and spending of $650k, leaving 90% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $6.6m (+244%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 206%. Over the whole period it spent 5.9% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Waco Family Practice Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Health Inc Hospice ($6.6m), American Congress of Rehabilitation Medicine ($6.6m) and Little Company of Mary Ancillary Services Corporation ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $285k. At year end it held assets of $67.1m against liabilities of $19.2m, net assets of $47.9m. It reported 4 employees.