City Center Waco

Analysis

City Center Waco is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, City Center Waco reported income of $375k and spending of $468k, spending 125% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $413k to $375k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to September 2020, when income rose by 100%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City Center Waco sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Edge for Tomorrow ($374k), Globalpittsburgh ($375k) and San Joaquin Community Data Council San Joaquin Community Data Coopera ($374k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $115k. At year end it held assets of $1.3m against liabilities of $63k, net assets of $1.3m. It reported 3 employees.