Communities in Schools of the Heart of Texas

Analysis

Communities in Schools of the Heart of Texas is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in April 1990, 36 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 August 2023, Communities in Schools of the Heart of Texas reported income of $3.7m and spending of $3.7m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.2m to $3.7m (+15%), an average of +3.5% a year. The sharpest change came in the year to August 2022, when income rose by 73%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Communities in Schools of the Heart of Texas sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Florida Telecommunications Relay Inc ($3.7m), Helping Hands Project Organization ($3.7m) and Ajfc Community Action Agency Inc ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $100k (2.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $4.6m against liabilities of $1.2m, net assets of $3.4m. It reported 155 employees.