Quality Texas Foundation

Analysis

Quality Texas Foundation is a registered charity in United States, based in Bedford, TX. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Quality Texas Foundation reported income of $454k and spending of $629k, spending 139% of what it took in. Across the 5 years on record, from August 2020 to August 2024, income fell from $668k to $454k (-32%), an average of -9.2% a year. The sharpest change came in the year to August 2023, when income dropped by 35%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quality Texas Foundation sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Bayou North Area Health Education Center ($454k), Great Northeast Athletic Conference Inc ($454k) and Hope Christian Academy ($454k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 28% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $253k (40% of expenses). At year end it held assets of $883k against liabilities of $8,345, net assets of $875k. It reported 3 employees.