Waco Entrepreneurial Ecosystem Collaborative Inc

Analysis

Waco Entrepreneurial Ecosystem Collaborative Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Entrepreneurial Ecosystem Collaborative Inc reported income of $8.2m and spending of $2.9m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $354k to $8.2m (+2216%), an average of +119% a year. The sharpest change came in the year to December 2023, when income rose by 515%. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waco Entrepreneurial Ecosystem Collaborative Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Homeboy Services Inc ($8.2m), Alliance of Local Service Organizations ($8.2m) and Goodwill Industries of Wayne and Holmes Counties Inc ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $149k (5.1% of expenses). Other salaries and wages came to $145k. At year end it held assets of $5.7m against liabilities of $112k, net assets of $5.6m. It reported 8 employees.