Tex Mex Legacy Foundation

Analysis

Tex Mex Legacy Foundation is a registered charity in United States, based in LA Porte, TX. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2023, Tex Mex Legacy Foundation reported income of $155k and spending of $137k, spending 88% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $111k to $155k (+40%), an average of +40% a year. The sharpest change came in the year to May 2023, when income rose by 40%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tex Mex Legacy Foundation sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Simi Sunset Rotary Foundation ($155k), Lakeside School Community Foundation ($155k) and Downcity Partnership Inc ($155k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.