First Step of Wichita Falls Inc

Analysis

First Step of Wichita Falls Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 August 2023, First Step of Wichita Falls Inc reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $752k to $1.5m (+101%), an average of +19% a year. The sharpest change came in the year to August 2023, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, First Step of Wichita Falls Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Integrated Health Services Inc ($1.5m), National Hispanic Health Foundation ($1.5m) and Columbus Regional Diagnostics ($1.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (4.7% of expenses). Other salaries and wages came to $489k. At year end it held assets of $798k against liabilities of $229k, net assets of $569k. It reported 61 employees.