Texas Baptist Home for Children

Analysis

Texas Baptist Home for Children is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in April 1946, 80 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 August 2023, Texas Baptist Home for Children reported income of $4.7m and spending of $4.0m, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.7m to $4.7m (-0.9%), an average of -0.2% a year. The sharpest change came in the year to August 2023, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Texas Baptist Home for Children sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Young Mens Christian Association Tri Cities ($4.7m), Childrens Choice of Maryland Inc ($4.7m) and Phoenix Indian Center ($4.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 77% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $248k (6.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $9.0m against liabilities of $82k, net assets of $8.9m. It reported 35 employees.