Heart of Texas Regional Advisory Council

Analysis

Heart of Texas Regional Advisory Council is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Heart of Texas Regional Advisory Council reported income of $520k and spending of $529k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $520k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 89% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Heart of Texas Regional Advisory Council sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Right Rider Access Fund ($520k), Arrington Volunteer Fire Department ($520k) and Churchville Fire Dept ($520k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $85k (16% of expenses). At year end it held assets of $704k against liabilities of $404k, net assets of $300k. It reported 1 employees.