Original Terlingua International Frank X Tolbert Memorial Champions

Analysis

Original Terlingua International Frank X Tolbert Memorial Champions is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in September 2014, 12 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, Original Terlingua International Frank X Tolbert Memorial Champions reported income of $187k and spending of $182k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $187k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Original Terlingua International Frank X Tolbert Memorial Champions sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Steel City Arts Foundation ($187k), Colossians 418 Prison Ministries ($187k) and Clothing Our Kids ($187k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.