Propane Council of Texas

Analysis

Propane Council of Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 1999, 27 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 December 2023, Propane Council of Texas reported income of $658k and spending of $655k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $394k to $658k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Propane Council of Texas 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 Florida Endowment Foundation for Floridas Graduates Inc ($658k), Hollandale Christian School Assn ($658k) and Tipton Charitable Foundation ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. At year end it held assets of $354k against liabilities of $268k, net assets of $85k.