Texas Foundation for Innovative Communities

Analysis

Texas Foundation for Innovative Communities is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2023, Texas Foundation for Innovative Communities reported income of $220k and spending of $220k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $258k to $220k (-14%), an average of -7.5% a year. The sharpest change came in the year to December 2023, when income rose by 875%. Over the whole period it spent 101% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Texas Foundation for Innovative Communities 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 1000 Friends of Wisconsin Inc ($220k), Vineyard Open Land Foundation ($220k) and Public Recreation Unlimited Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $159k (72% of expenses). At year end it held assets of $765 against liabilities of $0, net assets of $765. It reported 1 employees.