Texas Institute for Federal Taxes

Analysis

Texas Institute for Federal Taxes is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Texas Institute for Federal Taxes reported income of $371k and spending of $347k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $371k (+5.5%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 608%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Institute for Federal Taxes 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 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Colorado Agricultural Leadership Foundation Inc ($371k), Emilia Plater Polish Saturday School ($371k) and Leadership Tallahassee Inc ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $227k against liabilities of $0, net assets of $227k.