Bulverde Spring Branch Economic Development Foundation

Analysis

Bulverde Spring Branch Economic Development Foundation is a registered charity in United States, based in Spring Branch, TX. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bulverde Spring Branch Economic Development Foundation reported income of $75k and spending of $32k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $75k (-14%), an average of -14% a year. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bulverde Spring Branch Economic Development Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Main Street Calumet Inc ($75k), Junior League of the Golden Isles Inc ($75k) and S&a Solutions Foundation ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $84k against liabilities of $34, net assets of $84k.