Texas Beef Initiative

Analysis

Texas Beef Initiative is a registered charity in United States, based in Dripping SPGS, TX. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Texas Beef Initiative reported income of $215k and spending of $191k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $215k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Texas Beef Initiative sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Gift of Hope Inc ($215k), Asopuente International Inc ($215k) and Nuestra Gente Community Projects Inc ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. It paid $8,194 in professional fundraising fees. At year end it held assets of $48k against liabilities of $0, net assets of $48k.