Waco Foundation

Analysis

Waco Foundation is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in August 1963, 63 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2023, Waco Foundation reported income of $11.8m and spending of $7.5m, leaving 36% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income fell from $15.6m to $11.8m (-25%), an average of -6.8% a year. The sharpest change came in the year to March 2022, when income rose by 197%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Waco Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Western Colorado Community Foundation Inc ($11.7m), Finance Fund Capital Corporation ($11.8m) and John G Kenedy Jr Charitable Trust ($11.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $281k (3.7% of expenses). Other salaries and wages came to $705k. At year end it held assets of $127.5m against liabilities of $1.2m, net assets of $126.4m. It reported 20 employees.