Texas Toot Inc

Analysis

Texas Toot Inc is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Texas Toot Inc reported income of $70k and spending of $87k, spending 124% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $44k to $70k (+61%), an average of +60% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Toot Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Windthorst Heritage Inc ($70k), Arcos Foundation for the Arts Inc ($70k) and Childrens Theatre Foundation ($70k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 89% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.