Waco Firefighters Benefit Association

Analysis

Waco Firefighters Benefit Association is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in January 2023, 3 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 September 2023, Waco Firefighters Benefit Association reported income of $123k and spending of $84k, leaving 32% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $199k to $123k (-38%), an average of -38% a year. The sharpest change came in the year to September 2023, when income dropped by 38%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waco Firefighters Benefit Association sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Mano a Mano Foundation ($123k), One Heart ($123k) and Adventures to Dreams Enrichment ($123k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. At year end it held assets of $175k against liabilities of $0, net assets of $175k.