Junior League of Wichita Falls Inc

Analysis

Junior League of Wichita Falls Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in March 1963, 63 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2023, Junior League of Wichita Falls Inc reported income of $209k and spending of $155k, leaving 26% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $154k to $209k (+36%), an average of +8.0% a year. The sharpest change came in the year to May 2022, when income rose by 43%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Junior League of Wichita Falls Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include The Potomac Trust Inc ($209k), Local City Collective ($209k) and Veterans in Energy ($209k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 34% of the total. Other salaries and wages came to $27k. At year end it held assets of $618k against liabilities of $41k, net assets of $577k. It reported 1 employees.