Texas Partnership for Out of School Time

Analysis

Texas Partnership for Out of School Time is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Partnership for Out of School Time reported income of $569k and spending of $590k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $569k (+403%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 608%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Partnership for Out of School Time sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Westminster Public Schools Foundation ($569k), National Horticulture Foundation Inc ($569k) and Charlotte Mason Educational Center of Pennsylvania ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $102k (17% of expenses). Other salaries and wages came to $125k. At year end it held assets of $513k against liabilities of $28k, net assets of $485k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.