Relief Enterprise of Texas Inc

Analysis

Relief Enterprise of Texas Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Relief Enterprise of Texas Inc reported income of $5.5m and spending of $6.4m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $5.5m (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Relief Enterprise of Texas Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Apex for Youth Inc ($5.5m), Ica Fund ($5.5m) and Interim Community Development Association ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $1.1m against liabilities of $788k, net assets of $354k. It reported 474 employees.