Foundation for a Globally Competitive Texas

Analysis

Foundation for a Globally Competitive Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Foundation for a Globally Competitive Texas reported income of $205k and spending of $240k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $295k to $205k (-30%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for a Globally Competitive Texas sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Graham County Electric Cooperative Foundation Inc ($205k), Lynn Vocational Technical Alumi Association Inc ($205k) and Gaia Democratic School ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.