Caring for Children Foundation of Texas Inc

Analysis

Caring for Children Foundation of Texas Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in October 1991, 35 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, Caring for Children Foundation of Texas Inc reported income of $419k and spending of $110k, leaving 74% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $544k to $419k (-23%), an average of -5.1% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring for Children Foundation of Texas Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Inspirations Childcare & Preschool Center ($419k), Sunshine Haven Inc ($419k) and Project Feed the Kids ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $1.7m against liabilities of $5,312, net assets of $1.7m.