Texas Community Capital

Analysis

Texas Community Capital is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Texas Community Capital reported income of $92k and spending of $143k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $330k to $92k (-72%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 69%. Over the whole period it spent 139% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Community Capital sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include PTA Oregon Congress ($92k), Usvba Aloha Region ($92k) and Seth Burton Memorial Inc ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $57k (40% of expenses). Other salaries and wages came to $48k. At year end it held assets of $563k against liabilities of $188k, net assets of $375k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.