Scottish Rite Educational Association of Texas

Analysis

Scottish Rite Educational Association of Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 1937, 89 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 July 2023, Scottish Rite Educational Association of Texas reported income of $5.2m and spending of $5.1m, spending 97% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $4.2m to $5.2m (+25%), an average of +7.6% a year. The sharpest change came in the year to July 2021, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scottish Rite Educational Association of Texas sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Mmi Preparatory School ($5.2m), Partnership for Community Health Inc ($5.2m) and Food Care Center ($5.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $200k (3.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $15.9m against liabilities of $5.3m, net assets of $10.7m. It reported 47 employees.