Texas Library Association

Analysis

Texas Library Association is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1983, 43 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 December 2023, Texas Library Association reported income of $3.5m and spending of $3.0m, spending 85% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $3.6m to $3.5m (-0.4%), an average of -0.1% a year. The sharpest change came in the year to December 2023, when income rose by 279%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Library Association sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Northern Nevada International Center ($3.5m), Consumers Self-Help Center ($3.5m) and United Jewish Federation of Stamford ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $188k (6.2% of expenses). Other salaries and wages came to $639k. At year end it held assets of $6.1m against liabilities of $930k, net assets of $5.2m. It reported 14 employees.