Texas City Independent School District Foundation for the Future

Analysis

Texas City Independent School District Foundation for the Future is a registered charity in United States, based in Texas City, TX. It received its IRS tax-exemption ruling in January 1999, 27 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, Texas City Independent School District Foundation for the Future reported income of $807k and spending of $613k, leaving 24% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $699k to $807k (+15%), an average of +3.7% a year. The sharpest change came in the year to August 2022, when income rose by 80%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas City Independent School District Foundation for the Future sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Rhode Island College Student Community Government Inc ($807k), The Literacy Council of Lancaster- Lebanon Lva Inc ($807k) and Austin Public Library Friends Foundation ($807k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 73% and program service revenue 1.9% of the total. At year end it held assets of $2.2m against liabilities of $927, net assets of $2.2m.