Red Raiders Facilities Foundation Inc

Analysis

Red Raiders Facilities Foundation Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Red Raiders Facilities Foundation Inc reported income of $23.2m and spending of $2.6m, leaving 89% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $73.1m to $23.2m (-68%), an average of -68% a year. The sharpest change came in the year to August 2023, when income dropped by 68%. Over the whole period it spent 2.9% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red Raiders Facilities Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Paul Public Charter School ($23.2m), Utah Virtual Academy ($23.2m) and Charter School of Educational Excellence ($23.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $143.1m against liabilities of $49.6m, net assets of $93.5m.