Former Texas Rangers Foundation

Analysis

Former Texas Rangers Foundation is a registered charity in United States, based in Fredericksbrg, TX. It received its IRS tax-exemption ruling in January 1972, 54 years ago. 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, Former Texas Rangers Foundation reported income of $467k and spending of $722k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $623k to $467k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Former Texas Rangers Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Home Builders Care Foundation Inc ($467k), Webster Park Avenue HDFC ($467k) and Volunteers of America Inc ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Compensation of current officers, directors and key employees was $56k (7.7% of expenses). Other salaries and wages came to $136k. At year end it held assets of $5.7m against liabilities of $150k, net assets of $5.6m. It reported 8 employees.