Community Foundation of West Texas

Analysis

Community Foundation of West Texas is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of West Texas reported income of $6.9m and spending of $5.0m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $6.9m (+3.3%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income rose by 115%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of West Texas sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Tahoe Truckee Community Foundation ($6.9m), SD Foundation ($6.9m) and National Chirstian Charitable Foundation Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $142k (2.9% of expenses). Other salaries and wages came to $462k. At year end it held assets of $70.4m against liabilities of $3.6m, net assets of $66.8m. It reported 8 employees.