Waco Shepherds Heart Inc

Analysis

Waco Shepherds Heart Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in September 2010, 16 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, Waco Shepherds Heart Inc reported income of $2.8m and spending of $2.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.8m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waco Shepherds Heart Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Ames Child Care Center ($2.8m), Women in Need Win ($2.8m) and Soulu ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $32k (1.2% of expenses). Other salaries and wages came to $328k. At year end it held assets of $1.3m against liabilities of $704k, net assets of $616k. It reported 32 employees.