Langtry Village Inc

Analysis

Langtry Village Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in May 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending September 2023, Langtry Village Inc reported income of $548k and spending of $586k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $549k to $548k (-0.2%), an average of +-0.0% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Langtry Village Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Montecito Union School Foundation ($548k), Lockhart Child Development Center ($548k) and Utah Microenterprise Loan Fund ($548k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 41% of the total. At year end it held assets of $1.3m against liabilities of $2.9m, net assets of -$1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.