Operator Foundation

Analysis

Operator Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2017, 9 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, Operator Foundation reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $1.2m (+241%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Operator Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Columbus 2020 Foundation ($1.2m), St Joseph Community Co-Op Inc ($1.2m) and KC Air Show Charities Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $143k (13% of expenses). Other salaries and wages came to $543k. At year end it held assets of $831k against liabilities of $390k, net assets of $441k. It reported 7 employees.