Texas Apartment Association Education Foundation

Analysis

Texas Apartment Association Education Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Apartment Association Education Foundation reported income of $268k and spending of $270k, spending 101% of its income. Across the 5 years on record, from May 2020 to December 2023, income grew from $113k to $268k (+137%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 174% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Apartment Association Education Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Alaska Society for Technology in ($268k), San Clemente Educational Foundation ($268k) and Computer Banc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $143k. At year end it held assets of $874k against liabilities of $110k, net assets of $763k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.