Texsar Inc

Analysis

Texsar Inc is a registered charity in United States, based in Wimberley, TX. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 December 2023, Texsar Inc reported income of $895k and spending of $890k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $367k to $895k (+144%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 109% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Texsar Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Town of Columbus Fire Department Inc ($894k), Projectcamp ($895k) and NW Volunteer Fire-Rescue Dept Inc ($892k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $144k (16% of expenses). Other salaries and wages came to $336k. At year end it held assets of $1.1m against liabilities of $287k, net assets of $805k. It reported 7 employees.