Texas Foundation for Educational Advancement Incorporated

Analysis

Texas Foundation for Educational Advancement Incorporated is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Texas Foundation for Educational Advancement Incorporated reported income of $3.1m and spending of $3.0m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.7m to $3.1m (+18%), an average of +4.1% a year. The sharpest change came in the year to August 2022, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Foundation for Educational Advancement Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Austin Community College Foundation ($3.1m), Layc Career Academy Public Charter School ($3.1m) and Building 21 ($3.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $279k (9.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $12.4m against liabilities of $2.5m, net assets of $10.0m. It reported 69 employees.