Cen-Tex Association for Retarded Children

Analysis

Cen-Tex Association for Retarded Children is a registered charity in United States, based in Mexia, TX. It received its IRS tax-exemption ruling in July 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cen-Tex Association for Retarded Children reported income of $8.4m and spending of $7.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.2m to $8.4m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cen-Tex Association for Retarded Children sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Little Sisters of the Poor Chicago Inc ($8.4m), American Friends of Meir Panim ($8.4m) and Visalia Rescue Mission ($8.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $115k (1.6% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $2.1m against liabilities of $240k, net assets of $1.9m. It reported 455 employees.