Presbyterian Home for Children

Analysis

Presbyterian Home for Children is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in May 1925, 101 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 June 2023, Presbyterian Home for Children reported income of $3.0m and spending of $2.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.0m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Home for Children sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Eddr Foundation ($3.0m), Young Mens Christian Association of Abilene ($3.0m) and Sacred Selections ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $109k (3.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $18.4m against liabilities of $51k, net assets of $18.4m. It reported 59 employees.