The Texas Democracy Foundation

Analysis

The Texas Democracy Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Texas Democracy Foundation reported income of $1.4m and spending of $1.6m, spending 115% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.3m to $1.4m (+9.0%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Texas Democracy Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include The Vera Project ($1.4m), Cognitive Science Society ($1.4m) and Cedille Chicago NFP ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $40k (2.5% of expenses). Other salaries and wages came to $738k. At year end it held assets of $301k against liabilities of $115k, net assets of $186k. It reported 14 employees.