New Braunfels Area Community Foundation

Analysis

New Braunfels Area Community Foundation is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in November 2013, 13 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 (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, New Braunfels Area Community Foundation reported income of $2.9m and spending of $1.8m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $2.9m (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Braunfels Area Community Foundation 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 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include West Piedmont Workforce Investment Board ($2.9m), Sunshine Acres Childrens Home Charitable Foundation Inc ($2.9m) and East Colfax Community Collective ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 6.0% of the total. Other salaries and wages came to $55k. At year end it held assets of $14.2m against liabilities of $2.6m, net assets of $11.6m. It reported 2 employees.