Rio Grande Valley Linking Economic and Academic Development RGV Lead

Analysis

Rio Grande Valley Linking Economic and Academic Development RGV Lead is a registered charity in United States, based in Weslaco, TX. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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, Rio Grande Valley Linking Economic and Academic Development RGV Lead reported income of $472k and spending of $365k, leaving 23% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $516k to $472k (-8.6%), an average of -2.2% a year. The sharpest change came in the year to August 2023, when income rose by 55%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rio Grande Valley Linking Economic and Academic Development RGV Lead sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Canaan Senior Service Center Inc ($472k), Towamencin Volunteer Fire Company of Kulpsville Pennsylvania ($472k) and Mercy Hilltop Center Inc ($472k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $70k (19% of expenses). Other salaries and wages came to $92k. At year end it held assets of $236k against liabilities of $275, net assets of $236k. It reported 4 employees.