Entrepreneurs Foundation of Central Texas

Analysis

Entrepreneurs Foundation of Central Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2000, 26 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 December 2023, Entrepreneurs Foundation of Central Texas reported income of $830k and spending of $883k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $830k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Entrepreneurs Foundation of Central Texas sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include The Cheesecake Factory-Oscar and Evelyn Overton Charitable Foundati ($829k), Bancroft Foundation Inc ($830k) and United Way of Lamar County ($829k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $171k (19% of expenses). At year end it held assets of $671k against liabilities of $3,212, net assets of $668k. It reported 2 employees.