Communities Foundation of Texas

Analysis

Communities Foundation of Texas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1961, 65 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Communities Foundation of Texas reported income of $195.1m and spending of $190.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $153.4m to $195.1m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Communities Foundation of Texas sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Oregon Community Foundation ($192.6m), Anne Ray Foundation ($198.4m) and Sanford Health Foundation ($191.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $3.8m (2.0% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $932.6m against liabilities of $90.1m, net assets of $842.4m. It reported 182 employees.