Texas Institute of Letters

Analysis

Texas Institute of Letters is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in August 2018, 8 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, Texas Institute of Letters reported income of $120k and spending of $47k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $67k to $120k (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Institute of Letters sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Valor Classical Christian Academy Inc ($120k), Woodland Housing Opportunities Inc ($120k) and The Fitzgerald Family Foundation Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 10% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.