Mission Waco Mission World Inc

Analysis

Mission Waco Mission World Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Mission Waco Mission World Inc reported income of $6.6m and spending of $4.5m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $6.6m (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mission Waco Mission World Inc sits at the 99th percentile: it is larger than about 99% 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 Langham Partnership USA Inc NFP ($6.6m), Angel Christian Television TR Inc ($6.6m) and International Messengers ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $146k (3.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $9.5m against liabilities of $387k, net assets of $9.1m. It reported 146 employees.