Texas Education Works

Analysis

Texas Education Works is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Texas Education Works reported income of $6.6m and spending of $6.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $6.6m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 31%. 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, Texas Education Works sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include United States Merchant Marine Academy Alumni Association and Fou ($6.6m), Keres Childrens Learning Center ($6.6m) and Soaring Heights Charter School ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $3.6m (55% of expenses). At year end it held assets of $15.6m against liabilities of $7.9m, net assets of $7.7m. It reported 44 employees.