Texas Interscholastic League Foundation

Analysis

Texas Interscholastic League Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Texas Interscholastic League Foundation reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $3.4m to $1.2m (-66%), an average of -24% a year. The sharpest change came in the year to May 2022, when income rose by 70%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Interscholastic League Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Iqra Academy of Virginia ($1.2m), Global Village International ($1.2m) and African Community Services in MN ($1.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $122k (9.6% of expenses). At year end it held assets of $17.6m against liabilities of $32k, net assets of $17.5m. It reported 1 employees.