Texas Impact Education Fund

Analysis

Texas Impact Education Fund is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Texas Impact Education Fund reported income of $603k and spending of $702k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $603k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 212%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Texas Impact Education Fund sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Community Ministries International ($603k), Riding High Ministries Inc ($604k) and Acres of Hope ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $403k. At year end it held assets of $836k against liabilities of $959k, net assets of -$123k.