Texas Restaurant Association Education Foundation Inc

Analysis

Texas Restaurant Association Education Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Restaurant Association Education Foundation Inc reported income of $654k and spending of $731k, spending 112% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $569k to $654k (+15%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income rose by 3617%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Restaurant Association Education Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Consiliumbots Inc ($654k), Cedar Tree Montessori ($654k) and Mississippi Council on Economic Education ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $2.3m against liabilities of $293k, net assets of $2.0m.