Wichita Falls Independent School District Foundation Inc

Analysis

Wichita Falls Independent School District Foundation Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in August 1987, 39 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, Wichita Falls Independent School District Foundation Inc reported income of $2.1m and spending of $2.4m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $2.1m (+2278%), an average of +121% a year. The sharpest change came in the year to December 2021, when income rose by 537%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wichita Falls Independent School District Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Las Palmas Foundation ($2.1m), Metro Volunteers ($2.1m) and Global Scholars ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $589k against liabilities of $0, net assets of $589k.