Daughters of the Republic of TX Inc

Analysis

Daughters of the Republic of TX Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 1973, 53 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2023, Daughters of the Republic of TX Inc reported income of $2.7m and spending of $1.3m, leaving 53% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.1m to $2.7m (+148%), an average of +25% a year. The sharpest change came in the year to May 2023, when income rose by 104%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Daughters of the Republic of TX Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Museum of Childrens Arts ($2.7m), Partners for Christian Media Inc ($2.7m) and Midwest Art Conservation Center Inc ($2.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 38% and program service revenue 3.1% of the total. Other salaries and wages came to $131k. At year end it held assets of $11.0m against liabilities of $855k, net assets of $10.2m. It reported 3 employees.