Texas Medical Association Special Funds Foundation

Analysis

Texas Medical Association Special Funds Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Medical Association Special Funds Foundation reported income of $1.1m and spending of $504k, leaving 52% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $822k to $1.1m (+28%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Medical Association Special Funds Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Southeastern Assoc of Educational Opportunity Program Personnel Inc ($1.1m), Columbia County Christian School ($1.1m) and Hudson Hills Academy ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 1.9% of the total. At year end it held assets of $5.1m against liabilities of $0, net assets of $5.1m.