Texas Cultural Trust Council

Analysis

Texas Cultural Trust Council is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Texas Cultural Trust Council reported income of $2.0m and spending of $2.1m, spending 108% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income fell from $2.5m to $2.0m (-21%), an average of -4.6% a year. The sharpest change came in the year to August 2023, when income rose by 52%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Texas Cultural Trust Council sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include United Way of Reno County ($2.0m), Francis T Smith Endowment TR ($2.0m) and Allegan County Community Foundation ($2.0m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 66% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $251k (12% of expenses). Other salaries and wages came to $515k. At year end it held assets of $8.2m against liabilities of $887k, net assets of $7.3m. It reported 12 employees.