Texas Pythian Home Inc

Analysis

Texas Pythian Home Inc is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in February 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Texas Pythian Home Inc reported income of $2.2m and spending of $2.3m, spending 105% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $5.3m to $2.2m (-59%), an average of -20% a year. The sharpest change came in the year to March 2022, when income rose by 89%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Texas Pythian Home Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Presbyterian Childrens Home of the Highlands Inc ($2.2m), The Georgia Coalition for the Peoples Agenda Inc ($2.2m) and Help to Home Inc ($2.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 55% of the total. Other salaries and wages came to $626k. At year end it held assets of $11.4m against liabilities of $44k, net assets of $11.4m. It reported 18 employees.