Texas Rural Funders

Analysis

Texas Rural Funders is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Texas Rural Funders reported income of $973k and spending of $392k, leaving 60% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.3m to $973k (-24%), an average of -13% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Texas Rural Funders sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Crossett Economic Development Foundation ($973k), Service Enterprises Inc of Minnesota ($974k) and Snowy Mountain Development Corporation ($973k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $142k (36% of expenses). Other salaries and wages came to $96k. At year end it held assets of $1.0m against liabilities of $65k, net assets of $936k. It reported 4 employees.