Concho Valley Community Action Agency

Analysis

Concho Valley Community Action Agency is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in December 1966, 60 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Concho Valley Community Action Agency reported income of $5.7m and spending of $5.8m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $5.7m (+104%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concho Valley Community Action Agency sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Klamath Hospice Inc ($5.7m), Easter Seals Southeast Wisconsin Inc ($5.7m) and National Ironworkers and Employers Apprenticeship Training and Journe ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $218k (3.7% of expenses). Other salaries and wages came to $885k. At year end it held assets of $735k against liabilities of $634k, net assets of $101k. It reported 35 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.