Battleship Texas Foundation Inc

Analysis

Battleship Texas Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1995, 31 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 August 2023, Battleship Texas Foundation Inc reported income of $25.0m and spending of $23.3m, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $692k to $25.0m (+3511%), an average of +145% a year. The sharpest change came in the year to August 2020, when income rose by 1034%. 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, Battleship Texas Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include VPM Media Corporation ($24.8m), Petersen Automotive Museum Foundation ($25.1m) and Puerto Rico Science Technology and Research Trust ($24.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $964k (4.1% of expenses). At year end it held assets of $11.3m against liabilities of $6.5m, net assets of $4.8m. It reported 10 employees.