Central Texas Community Foundation Inc

Analysis

Central Texas Community Foundation Inc is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Central Texas Community Foundation Inc reported income of $7.8m and spending of $5.8m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $7.8m (+169%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Central Texas Community Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Ok Foundation ($7.8m), Pi Foundation Inc ($7.9m) and The Madonna Foundation ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $130k (2.2% of expenses). Other salaries and wages came to $122k. At year end it held assets of $23.1m against liabilities of $2.5m, net assets of $20.6m. It reported 5 employees.