Texas Medical Association Foundation

Analysis

Texas Medical Association Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 1966, 60 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Medical Association Foundation reported income of $1.4m and spending of $1.4m, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.5m to $1.4m (-45%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Texas Medical Association Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Interfaith Movement for Human Integrity ($1.4m), Labor Education & Research Project ($1.4m) and Mack Avenue Community Church Community Development Corporation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $175k (12% of expenses). Other salaries and wages came to $198k. At year end it held assets of $15.5m against liabilities of $319k, net assets of $15.2m.