Texas Education Broadcasting Co-Operative Inc

Analysis

Texas Education Broadcasting Co-Operative Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 Education Broadcasting Co-Operative Inc reported income of $348k and spending of $391k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $348k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Education Broadcasting Co-Operative Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include National Church Residences ($348k), YWCA Alaska ($348k) and Little League Baseball Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $67k (17% of expenses). Other salaries and wages came to $138k. At year end it held assets of $305k against liabilities of $62k, net assets of $244k. It reported 6 employees.