Waco Foundation
Only null% goes to programs Strong reserves Declining revenue
Waco Foundation is a 501(c)(3) organization based in Waco, Texas, registered in 1963, with $16,820,955 in FY2024 revenue. CharityIndex grades it B.
1224 Austin Ave, Waco, TX, 76701 EIN 74-6054628 Since 1963
Revenue (FY2024)
$16.8M
▲ 96.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$12.5M
Net assets
$147.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Waco Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating142 mo reserves · +26% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Waco Foundation: 142 mo reserves · +26% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Waco Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Waco Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1224 Austin Ave, Waco, TX, 76701
- City
- Waco
- State
- Texas
- Subcategory
- Public Foundations
- Website
- …
Financial trends
Revenue grew from $11.2M (FY2013) to $16.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $827KNet assets $147.6M
Operating margin
25.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$148.4M
Total liabilities
$827K
Net assets
$147.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $16,820,955▲96.0% | $12,499,829▲73.6% | $147,560,704▲4.3% | $148,387,558▲4.3% | 990 |
| 2023 | $8,580,319▼27.0% | $7,200,164▼4.3% | $141,524,944▲12.0% | $142,304,864▲11.6% | 990 |
| 2022 | $11,751,252▼55.6% | $7,522,031▲3.9% | $126,391,153▼4.1% | $127,546,392▼3.9% | 990 |
| 2021 | $26,486,121▲197% | $7,239,601▲7.2% | $131,832,505▲14.1% | $132,771,840▲14.5% | 990 |
| 2020 | $8,908,496▼56.1% | $6,753,791▼20.7% | $115,540,805▲32.3% | $115,989,579▲32.0% | 990 |
| 2019 | $20,305,628▲30.1% | $8,514,402▲52.0% | $87,305,971▼9.6% | $87,878,638▼9.5% | 990 |
| 2018 | $15,604,607▲81.6% | $5,602,978▲15.0% | $96,539,127▲12.0% | $97,060,627▲11.9% | 990 |
| 2017 | $8,593,413▼10.9% | $4,872,889▼1.1% | $86,225,345▲8.4% | $86,773,265▲8.3% | 990 |
| 2016 | $9,648,626▲79.1% | $4,929,217▲0.2% | $79,552,843▲13.1% | $80,143,111▲13.0% | 990 |
| 2015 | $5,387,276▼46.9% | $4,919,242▲3.9% | $70,358,080▼7.0% | $70,946,578▼6.8% | 990 |
| 2014 | $10,152,652▼9.1% | $4,734,790▼33.6% | $75,649,470▲2.5% | $76,106,456▲2.3% | 990 |
| 2013 | $11,163,327 | $7,129,192▲66.4% | $73,835,199▲9.8% | $74,372,771▲10.0% | 990 |
| 2012 | — | $4,284,376▼16.6% | $67,222,860▲9.6% | $67,590,980▲9.0% | 990 |
| 2011 | — | $5,134,867▲31.4% | $61,327,114▲11.9% | $62,016,959▲12.7% | 990 |
| 2009 | — | $3,908,618 | $54,784,308 | $55,025,312 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $5.6M total
37 grants to Waco Foundation totaling $5.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Communities Foundation of Texas | This grant is designated for general support. | 2024 | $972,039 |
| Episcopal Health Foundation | Raise community voices | 2024 | $150,000 |
| New Venture Fund | Civil rights, social action, advocacy | 2024 | $100,000 |
| Texas Mutual Insurance Company | Generational learning | 2024 | $100,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $22,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $501,500 |
| Trellis Foundation | General operations | 2023 | $223,500 |
| Greater Houston Community Foundation | Public benefit | 2023 | $145,000 |
| Episcopal Health Foundation | Raise community voices | 2023 | $125,000 |
| New Venture Fund | Civil rights, social action, advocacy | 2023 | $100,350 |
| Episcopal Health Foundation | Strengthen rural health | 2023 | $22,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $11,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $499,405 |
| Episcopal Health Foundation | Raise community voices | 2022 | $125,000 |
| New Venture Fund | Civil rights, social action, advocacy | 2022 | $100,000 |
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Frequently asked questions
- Is Waco Foundation a legitimate nonprofit?
- Yes. Waco Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-6054628, based in Waco, Texas. Donations are tax-deductible.
- What is Waco Foundation's EIN?
- Waco Foundation's Employer Identification Number (EIN) is 74-6054628.
- How much revenue does Waco Foundation report?
- Waco Foundation reported $16,820,955 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Waco Foundation have?
- CharityIndex grades Waco Foundation B, based on financial health (reserves and operating margin).
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Explore more
Data for Waco Foundation (EIN 74-6054628) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.