Texas Historical Foundation

Analysis

Texas Historical Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1954, 72 years ago. 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 June 2023, Texas Historical Foundation reported income of $1.9m and spending of $820k, leaving 58% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $779k to $1.9m (+149%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 1407%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Historical Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include East Tennessee Health Information Network ($1.9m), River Garden Holding Company Inc ($1.9m) and Salem Lodge of Bnai Brith Housing Corp ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $122k (15% of expenses). Other salaries and wages came to $158k. At year end it held assets of $4.6m against liabilities of $76k, net assets of $4.6m. It reported 4 employees.