The Texas Military Forces Historical Foundation

Analysis

The Texas Military Forces Historical Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, The Texas Military Forces Historical Foundation reported income of $59k and spending of $94k, spending 159% of what it took in. Across the 3 years on record, from August 2019 to August 2023, income fell from $102k to $59k (-42%), an average of -24% a year. The sharpest change came in the year to August 2023, when income dropped by 42%. Over the whole period it spent 115% 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 Military Forces Historical Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Cape Fear Chorale Inc ($59k), Challenge the Stats ($59k) and Hopkinton Music Association ($59k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $11k against liabilities of $3,243, net assets of $8,211.