Texas Association of Community Schools

Analysis

Texas Association of Community Schools is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1971, 55 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 May 2024, Texas Association of Community Schools reported income of $384k and spending of $368k, spending 96% of its income. Across the 6 years on record, from May 2019 to May 2024, income fell from $387k to $384k (-0.8%), an average of -0.2% a year. The sharpest change came in the year to May 2022, when income dropped by 27%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Association of Community Schools sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Family Career and Community Leaders of America Inc ($384k), Celestial Church of Christ Inc Ileri Oluwa Parish ($384k) and Raynham Community Access Media Inc ($384k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 92% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $4,620 (1.3% of expenses). Other salaries and wages came to $1,751. At year end it held assets of $1.1m against liabilities of $18k, net assets of $1.1m. It reported 2 employees.