Texas Soaring Association Inc

Analysis

Texas Soaring Association Inc is a registered charity in United States, based in Midlothian, TX. It received its IRS tax-exemption ruling in January 1954, 72 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2024, Texas Soaring Association Inc reported income of $303k and spending of $246k, spending 81% of its income. Across the 6 years on record, from September 2019 to September 2024, income fell from $332k to $303k (-8.8%), an average of -1.8% a year. The sharpest change came in the year to September 2024, when income rose by 53%. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Texas Soaring Association Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Time to Shine United Inc a Non Profit Corporation ($303k), Greater Middlesex Conference Inc ($303k) and Capital Water Polo Inc ($303k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 22% and program service revenue 54% of the total. At year end it held assets of $1.6m against liabilities of $1,043, net assets of $1.6m.