Texas Reliability Entity Inc

Analysis

Texas Reliability Entity Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Reliability Entity Inc reported income of $17.9m and spending of $15.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.6m to $17.9m (+22%), an average of +5.1% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Reliability Entity Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Lutheran Home-Hickory Inc ($17.8m), Development Homes Inc ($17.9m) and Houston Hospice ($17.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $2.0m (13% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $15.9m against liabilities of $8.7m, net assets of $7.2m. It reported 72 employees.