East Texas Communties Foundation Inc

Analysis

East Texas Communties Foundation Inc is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in February 1990, 36 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 December 2023, East Texas Communties Foundation Inc reported income of $16.5m and spending of $15.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.2m to $16.5m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, East Texas Communties Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Uga Real Estate Foundation Inc ($16.5m), New Harmony Care Center Inc ($16.5m) and Chautauqua Foundation Inc ($16.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $222k (1.4% of expenses). Other salaries and wages came to $402k. At year end it held assets of $126.7m against liabilities of $16.0m, net assets of $110.6m. It reported 7 employees.