Texoma Family Shelter

Analysis

Texoma Family Shelter is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Texoma Family Shelter reported income of $559k and spending of $348k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $559k (+117%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Texoma Family Shelter sits at the 67th percentile: it is larger than about 66% 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 Incorporated Senior Citizens of Sierra County ($559k), Housing El Dorado ($559k) and Julie Weintraubs Hands Across the Bay Inc ($559k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $67k (19% of expenses). Other salaries and wages came to $162k. At year end it held assets of $682k against liabilities of $6,080, net assets of $676k. It reported 29 employees.