Capital of Texas Public Telecommunications Council

Analysis

Capital of Texas Public Telecommunications Council is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Capital of Texas Public Telecommunications Council reported income of $18.4m and spending of $17.5m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.6m to $18.4m (+11%), an average of +2.6% a year. The sharpest change came in the year to September 2022, when income dropped by 18%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capital of Texas Public Telecommunications Council sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Annual Reviews ($18.3m), Kvie Inc ($18.4m) and Union Station Kansas City Inc ($18.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $882k (5.0% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $41.8m against liabilities of $12.0m, net assets of $29.8m. It reported 122 employees.