Storm FC West Texas

Analysis

Storm FC West Texas is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Storm FC West Texas reported income of $638k and spending of $568k, spending 89% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $720k to $638k (-11%), an average of -3.9% a year. The sharpest change came in the year to May 2022, when income dropped by 23%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Storm FC West Texas sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Wisconsin Association of Cheer Pom Coaches Inc ($638k), Childrens Nature Retreat Foundation ($639k) and Boys & Girls Club of Rusk County ($638k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $247k (43% of expenses). At year end it held assets of $405k against liabilities of -$12k, net assets of $417k. It reported 35 employees.