Texas Cavaliers Charitable Foundation

Analysis

Texas Cavaliers Charitable Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in August 1992, 34 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 June 2023, Texas Cavaliers Charitable Foundation reported income of $2.3m and spending of $6.6m, spending 282% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.3m (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 519%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Cavaliers Charitable Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Independence Center Inc ($2.3m), Community Action Duluth ($2.3m) and Fresta Valley Christian School Ltd ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $63k (1.0% of expenses). At year end it held assets of $11.2m against liabilities of $3.6m, net assets of $7.6m.