Variety the Childrens Charity of Texas

Analysis

Variety the Childrens Charity of Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Variety the Childrens Charity of Texas reported income of $1.3m and spending of $1.4m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $1.3m (-15%), an average of -4.1% a year. The sharpest change came in the year to September 2022, when income rose by 116%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Variety the Childrens Charity of Texas sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Windsor County Youth Services ($1.3m), Carolina Meadows Foundation Inc ($1.3m) and Divine Culture and Media Group Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $241k (17% of expenses). Other salaries and wages came to $327k. At year end it held assets of $3.0m against liabilities of $702k, net assets of $2.3m. It reported 31 employees.