The TSTC Foundation

Analysis

The TSTC Foundation is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in April 2001, 25 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 August 2023, The TSTC Foundation reported income of $11.4m and spending of $3.4m, leaving 70% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.9m to $11.4m (+492%), an average of +56% a year. The sharpest change came in the year to August 2023, when income rose by 166%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The TSTC Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Math Engineering and Science Academy Charter High School ($11.4m), Green Tree School ($11.4m) and Discovery Academy of Lake Alfred Inc ($11.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $55.4m against liabilities of $30.1m, net assets of $25.3m.