First Christian Towers of Plainview

Analysis

First Christian Towers of Plainview is a registered charity in United States, based in Plainview, TX. It received its IRS tax-exemption ruling in April 1976, 50 years ago. 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 September 2023, First Christian Towers of Plainview reported income of $309k and spending of $290k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $258k to $309k (+20%), an average of +4.6% a year. The sharpest change came in the year to September 2023, when income rose by 26%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Christian Towers of Plainview sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Missouri Hospice and Palliative Care Association Incorporated ($309k), In Season and Out of Season Inc ($309k) and Hillel the Foundation for Jewish Campus Life ($309k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $40k (14% of expenses). Other salaries and wages came to $37k. At year end it held assets of $721k against liabilities of $40k, net assets of $680k. It reported 7 employees.