Texas Engineering Foundation

Analysis

Texas Engineering Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Texas Engineering Foundation reported income of $307k and spending of $325k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $159k to $307k (+93%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Engineering Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Alice C Stelle Middle School Parent Faculty Club ($307k), The Boone Sports Legacy Board Inc ($307k) and Womens Field Association of Northwestern Mutual Inc ($307k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 2.8% of the total. Other salaries and wages came to $134k. At year end it held assets of $1.2m against liabilities of $490k, net assets of $760k.