Envision Mineral Wells Foundation Inc

Analysis

Envision Mineral Wells Foundation Inc is a registered charity in United States, based in Mineral Wells, TX. It received its IRS tax-exemption ruling in February 2021, 5 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 September 2023, Envision Mineral Wells Foundation Inc reported income of $174k and spending of $236k, spending 135% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $134k to $174k (+30%), an average of +30% a year. The sharpest change came in the year to September 2023, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Envision Mineral Wells Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Meals-On-Wheels of New Canaan Inc ($174k), Launch Pad Baker ($174k) and Chicago Hyde Park Village NFP ($174k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. At year end it held assets of $57k against liabilities of $975, net assets of $56k.