Lake Travis Education Foundation

Analysis

Lake Travis Education Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 1987, 39 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 May 2023, Lake Travis Education Foundation reported income of $782k and spending of $669k, spending 86% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $402k to $782k (+94%), an average of +18% a year. The sharpest change came in the year to May 2022, when income rose by 33%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Travis Education Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include The Florida Podiatric Medical Socie Ty Inc ($782k), St John Armenian Church Foundation ($782k) and Filling Home Foundation ($782k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $1.5m against liabilities of $464k, net assets of $1.0m.