Educational Foundation of the Texas Hotel & Motel Association Inc

Analysis

Educational Foundation of the Texas Hotel & Motel Association Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Educational Foundation of the Texas Hotel & Motel Association Inc reported income of $283k and spending of $267k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $283k (+54%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 294%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Educational Foundation of the Texas Hotel & Motel Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Flemington Area Emergency Medicalservice Inc ($283k), Ahope for Children ($283k) and Mental and Emotional Resource Center ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $29k (11% of expenses). Other salaries and wages came to $51k. At year end it held assets of $763k against liabilities of $0, net assets of $763k.