Greater New Braunfels Economic Development Foundation

Analysis

Greater New Braunfels Economic Development Foundation is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2022, Greater New Braunfels Economic Development Foundation reported income of $226k and spending of $252k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $255k to $226k (-11%), an average of -3.9% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater New Braunfels Economic Development Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Offutt Officers Spouses Club Charitable Association Inc ($226k), Chinese Family for Christ ($226k) and Junior League of Abilene Inc ($226k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% of the total. It paid $963 in professional fundraising fees. At year end it held assets of $317k against liabilities of $96k, net assets of $221k.