Texas Pharmacy Foundation Inc

Analysis

Texas Pharmacy Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 1971, 55 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Pharmacy Foundation Inc reported income of $64k and spending of $43k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $64k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Pharmacy Foundation Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Al-Anon/Alateen Information Services of Greater Minneapolis ($64k), Leadership Albany Inc ($64k) and Allen County Casa Coalition Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $760k against liabilities of $0, net assets of $760k.