Texas Neighborhood Services

Analysis

Texas Neighborhood Services is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in September 1965, 61 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 April 2023, Texas Neighborhood Services reported income of $8.6m and spending of $8.4m, spending 97% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $2.2m to $8.6m (+301%), an average of +42% a year. The sharpest change came in the year to April 2021, when income rose by 69%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Texas Neighborhood Services 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 Arlington Thrive Inc ($8.6m), Presbyterian Homes of Georgia Inc ($8.6m) and Ingleside Homes Inc ($8.6m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $359k (4.3% of expenses). Other salaries and wages came to $328k. At year end it held assets of $1.6m against liabilities of $805k, net assets of $747k. It reported 11 employees.