Texo Foundation

Analysis

Texo Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Texo Foundation reported income of $268k and spending of $292k, spending 109% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $259k to $268k (+3.7%), an average of +0.7% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texo Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Upstart Crow Studios ($268k), Little Rock Electrical Joint Apprenticeship & Training Comm ($268k) and Fidelis Angels Network Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $90k (31% of expenses). Other salaries and wages came to $92k. At year end it held assets of $1.2m against liabilities of $27k, net assets of $1.2m. It reported 4 employees.