Texas Rice Improvement Association

Analysis

Texas Rice Improvement Association is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in November 1955, 71 years ago. 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, Texas Rice Improvement Association reported income of $239k and spending of $170k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $295k to $239k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Rice Improvement Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Souly Business Inc ($239k), Nebraska One Box Habitat Association Inc ($239k) and Laguna Hills High School Athletic Boosters ($239k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $101k. At year end it held assets of $930k against liabilities of $2,503, net assets of $928k. It reported 2 employees.