Texas Family Project Foundation

Analysis

Texas Family Project Foundation is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in June 2022, 4 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).

In the financial year ending December 2023, Texas Family Project Foundation reported income of $380k and spending of $265k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $380k (+188%), an average of +188% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Texas Family Project Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Boca Raton Rotary Fund Inc ($379k), Goodwill Ky Support Corporation ($380k) and American Real Estate and Urban Economics Association ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $109k (41% of expenses). At year end it held assets of $129k against liabilities of $0, net assets of $129k. It reported 2 employees.