Texas Womens Foundation

Analysis

Texas Womens Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, Texas Womens Foundation reported income of $8.5m and spending of $10.5m, spending 124% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $20.5m to $8.5m (-59%), an average of -25% a year. The sharpest change came in the year to June 2021, when income dropped by 49%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Womens Foundation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Garden Center Services ($8.5m), Catholic Answers Inc ($8.5m) and Blackhawk Technical College Foundation Inc ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $858k (8.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $32.2m against liabilities of $3.1m, net assets of $29.0m. It reported 36 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.