Local Independent Charities of Texas

Analysis

Local Independent Charities of Texas is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 April 2024, Local Independent Charities of Texas reported income of $993k and spending of $993k, spending 100% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $1.3m to $993k (-25%), an average of -7.0% a year. The sharpest change came in the year to April 2021, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Local Independent Charities of Texas sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include California Living Museum Foundation ($992k), Our Place Drop in ($994k) and Social Giving Network ($992k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $1.2m, net assets of $0.