Its Time Texas Inc

Analysis

Its Time 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 human services, which this site groups under poverty relief. 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, Its Time Texas Inc reported income of $3.7m and spending of $4.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.7m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Its Time Texas Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Endeavors Unlimited Inc ($3.7m), Franciscan Center Inc ($3.7m) and Under Construction Educational ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $281k (7.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.9m against liabilities of $154k, net assets of $1.7m. It reported 52 employees.