Waco Goodfellas Inc

Analysis

Waco Goodfellas Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in May 2018, 8 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 December 2023, Waco Goodfellas Inc reported income of $248k and spending of $175k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $143k to $248k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 168%. Over the whole period it spent 68% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Waco Goodfellas Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Carolina Youth Action Project ($248k), Louisiana 4-H Foundation ($248k) and Association of Leadership Programs ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $399k against liabilities of $0, net assets of $399k.