Sixty and Better Inc

Analysis

Sixty and Better Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in October 1968, 58 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 September 2023, Sixty and Better Inc reported income of $814k and spending of $822k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.6m to $814k (-69%), an average of -25% a year. The sharpest change came in the year to September 2021, when income dropped by 78%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sixty and Better Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Cedarbrook Early Learning Center ($814k), Sunshine House Kid Zone Inc ($815k) and RGC Access ($814k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $219k (27% of expenses). Other salaries and wages came to $281k. At year end it held assets of $1.1m against liabilities of $285k, net assets of $821k. It reported 13 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.