Big Brothers Big Sisters of Hereford Texas Inc

Analysis

Big Brothers Big Sisters of Hereford Texas Inc is a registered charity in United States, based in Hereford, TX. It received its IRS tax-exemption ruling in October 1975, 51 years ago. 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 December 2023, Big Brothers Big Sisters of Hereford Texas Inc reported income of $171k and spending of $228k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $171k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Brothers Big Sisters of Hereford Texas Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Saint Fidelis Cemetery Support Foundation ($171k), Crook County Historical Society Inc ($171k) and Rio Vista Senior Housing Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $56k (24% of expenses). Other salaries and wages came to $78k. At year end it held assets of $388k against liabilities of $0, net assets of $388k. It reported 7 employees.