Compassion Ministries of Waco Inc

Analysis

Compassion Ministries of Waco Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in March 1994, 32 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 December 2023, Compassion Ministries of Waco Inc reported income of $413k and spending of $455k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $603k to $413k (-32%), an average of -9.0% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Compassion Ministries of Waco Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Riverview Productions Inc ($413k), Gloucester Maritime Heritage Center Inc ($413k) and Lynx Foundation ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $67k (15% of expenses). Other salaries and wages came to $141k. At year end it held assets of $8.2m against liabilities of $62k, net assets of $8.1m. It reported 17 employees.