Insurance Council of Texas Educational Foundation

Analysis

Insurance Council of Texas Educational Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Insurance Council of Texas Educational Foundation reported income of $118k and spending of $139k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $140k to $118k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Insurance Council of Texas Educational Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Chartiers Houston Community Library Assn ($118k), Word of Grace Chinese School ($118k) and Millburn Middle School PTO ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $169k against liabilities of $0, net assets of $169k.