A current research carried out by the monetary expertise firm SmartAsset signifies that Comal County residents are among the many most beneficiant within the state for charitable giving.
SmartAsset dug into IRS knowledge to search out the locations the place residents had been donating essentially the most cash for charitable causes and organizations.
In keeping with the evaluation, Comal County ranked because the ninth most charitable county in Texas.
The research measured how a lot folks donate as a share of their web revenue and the proportion of individuals in a given county who make charitable donations.
The research indicated that Comal County residents contributed 1.42% of their revenue to charity. The share of returns itemizing charitable contributions was 11.25%.
Terry Robinson, govt director of United Approach of Comal County, stated she’s not shocked with the rating.
“I believe it’s excellent,” Robinson stated. “I at all times thought that (Comal County) was some of the beneficiant locations. The truth that you might have so many individuals placing themselves on the market with their time and monetary assets is unbelievable. I’m not shocked however extremely happy to listen to it.”
Kendall County ranked as essentially the most beneficiant within the state, adopted by Rockwall County in second and Collin County in third.
The research takes into consideration charitable contributions as a share of web revenue and the proportion of taxpayers that made a charitable contribution of any quantity in any given county.
To seek out essentially the most beneficiant locations, the research checked out two elements in every county: how a lot cash folks donate as a share of their web revenue and the proportion of people that made charitable donations.
To find out the amount of cash that individuals donate as a share of their revenue, the research first calculated the online revenue of all folks in every county. To do that, the research checked out tax return knowledge and accounted for federal, state and native taxes paid.
The research additionally accounted for deductible entries, together with mortgage curiosity, mortgage factors and mortgage insurance coverage funds. The research then divided every county’s whole charitable donations by its whole web revenue to see how a lot cash county residents are donating relative to their revenue.
Subsequent, the research measured the overall variety of particular person tax returns that present charitable contributions and divided that by the overall variety of particular person tax returns in every county to point the proportion of individuals in every county who make charitable donations.
The research then listed and equally weighted the 2 elements to yield the outcomes.
Different counties within the Texas high 10 included Denton, Fort Bend, Travis, Montgomery, Gillespie and Midland.