Israel-Texas Science and Education Foundation Inc

Analysis

Israel-Texas Science and Education Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2009, 17 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, Israel-Texas Science and Education Foundation Inc reported income of $375k and spending of $389k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $375k (+400%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 230%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Israel-Texas Science and Education Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include New Century Academy Affiliated Building Company ($375k), Library Company of the Baltimore Bar ($375k) and Learning Ladder Preschool ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $196k (50% of expenses). Other salaries and wages came to $46k. At year end it held assets of $209k against liabilities of $29k, net assets of $179k.

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.