Texas Retired Teachers Foundation

Analysis

Texas Retired Teachers Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2000, 26 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 June 2023, Texas Retired Teachers Foundation reported income of $330k and spending of $186k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $309k to $330k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Retired Teachers Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Mifflin Community Library ($330k), Champaign-Urbana Schools Foundation ($330k) and St Anne Facilities Corporation ($330k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $18k (9.7% of expenses). Other salaries and wages came to $32k. At year end it held assets of $1.2m against liabilities of $155k, net assets of $1.0m.