Friends of the Daily Texan Inc

Analysis

Friends of the Daily Texan Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 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 (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, Friends of the Daily Texan Inc reported income of $138k and spending of $38k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $138k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Daily Texan Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Lighthouse Christian Homeschool Academy Inc ($138k), Uniting Resilience ($138k) and Stone Ranch Elementary School Foundation ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.