Texas Spring Corporation

Analysis

Texas Spring Corporation is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Texas Spring Corporation reported income of $487k and spending of $563k, spending 116% of what it took in. Across the 3 years on record, from June 2019 to June 2022, income fell from $574k to $487k (-15%), an average of -7.9% a year. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Spring Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Bradford County Education Foundation Inc ($487k), Family Christian School ($487k) and Green Thumb Initiative ($487k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 0.7% and program service revenue 93% of the total. Other salaries and wages came to $320k. At year end it held assets of $74k against liabilities of $59k, net assets of $15k. It reported 30 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.