Texas Associtation of Business & Chambers of Commerce Foundation

Analysis

Texas Associtation of Business & Chambers of Commerce Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Associtation of Business & Chambers of Commerce Foundation reported income of $258k and spending of $469k, spending 182% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $227k to $258k (+14%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 320%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Texas Associtation of Business & Chambers of Commerce Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include W B N a Inc ($258k), Central Midlands Justice Ministry ($258k) and Fields Corner Main Street Inc ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $374k against liabilities of $54k, net assets of $320k.