Big Brothers Big Sisters of the Permian Basin Inc

Analysis

Big Brothers Big Sisters of the Permian Basin Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in January 1983, 43 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 the Permian Basin Inc reported income of $839k and spending of $796k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $703k to $839k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 92% 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 the Permian Basin Inc sits at the 75th percentile: it is larger than about 75% 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 Jens-Pres Inc ($839k), Interfaith Housing Development Corporation ($839k) and Northwest Hospital Alliance ($839k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $473k. At year end it held assets of $1.5m against liabilities of $27k, net assets of $1.4m. It reported 11 employees.