Valor Texas Education Foundation

Analysis

Valor Texas Education Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Valor Texas Education Foundation reported income of $26.5m and spending of $25.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $26.5m (+399%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valor Texas Education Foundation sits at the 97th percentile: it is larger than about 97% of them. 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 Empowerment Academy Charter School Inc ($26.5m), Lyndon Baines Johnson Foundation ($26.6m) and Baldwin School ($26.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $555k (2.2% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $136.7m against liabilities of $122.2m, net assets of $14.5m. It reported 345 employees.