Texas Impact Education Fund
EIN: 742989021 · Austin, TX · NTEE: X83
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $702K |
| Net Assets | $-123,464 |
Is Texas Impact Education Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Texas Impact Education Fund
Texas Impact Education Fund (EIN: 742989021) is a nonprofit organization based in Austin, TX, classified under NTEE code X83. The organization reported total revenue of $1.2M and total assets of $814K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Texas Impact Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Texas Impact Education Fund is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $603K |
| Total Expenses | $702K |
| Surplus / Deficit | $-99,036 |
| Total Assets | $836K |
| Total Liabilities | $959K |
| Net Assets | $-123,464 |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 114.8% |
| Months of Reserves | 14.3 months |
Financial Health Grade: C
In 2023, Texas Impact Education Fund reported a deficit of $99K with expenses exceeding revenue, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 114.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Texas Impact Education Fund's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.7% | +7.1% | -4.6% |
| 2022 | +211.9% | +64.9% | +21.9% |
| 2021 | -21.6% | +23.3% | -11.6% |
| 2020 | -17.2% | -43.5% | +3.4% |
| 2019 | +91.3% | +548.5% | -16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Texas Impact Education Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Texas Impact Education Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $99K, with expenses exceeding revenue.
- Debt-to-asset ratio: 114.8%.
Frequently Asked Questions about Texas Impact Education Fund
Is Texas Impact Education Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Texas Impact Education Fund (EIN: 742989021) insufficient data. 0 red flags identified, 0 strengths noted.
How does Texas Impact Education Fund spend its money?
Detailed spending breakdown data is not yet available for Texas Impact Education Fund. Check back for updated IRS 990 analysis.
Are donations to Texas Impact Education Fund tax-deductible?
Texas Impact Education Fund is registered as a tax-exempt nonprofit (EIN: 742989021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Texas Impact Education Fund located?
Texas Impact Education Fund is headquartered in Austin, Texas and files with the IRS under EIN 742989021. It is classified under NTEE code X83.
How many years of IRS 990 filings does Texas Impact Education Fund have?
Texas Impact Education Fund has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Filing History
IRS 990 filing history for Texas Impact Education Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Texas Impact Education Fund's revenue has declined by 12.6%, moving from $690K to $603K. Total assets increased by 1934.3% over the same period, from $41K to $836K. Total functional expenses rose by 4.9%, from $670K to $702K. In its most recent filing year (2023), Texas Impact Education Fund reported a deficit of $99K, with expenses exceeding revenue. The organization holds $959K in liabilities against $836K in assets (debt-to-asset ratio: 114.8%), resulting in net assets of $-123,464.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $603K | $702K | $836K | $959K | — | — |
| 2022 | $858K | $656K | $877K | $981K | — | View 990 |
| 2021 | $275K | $398K | $719K | $1.0M | — | View 990 |
| 2020 | $351K | $323K | $813K | $996K | — | — |
| 2019 | $424K | $571K | $786K | $998K | — | View 990 |
| 2018 | $221K | $88K | $936K | $1.0M | — | View 990 |
| 2017 | $145K | $220K | $776K | $973K | — | View 990 |
| 2016 | $644K | $648K | $847K | $871K | — | View 990 |
| 2015 | $0 | $0 | $371 | $0 | — | View 990 |
| 2014 | $442K | $469K | $855K | $830K | — | View 990 |
| 2013 | $313K | $342K | $886K | $835K | — | View 990 |
| 2012 | $600K | $506K | $122K | $0 | — | View 990 |
| 2011 | $515K | $527K | $28K | $1 | — | View 990 |
| 2010 | $690K | $670K | $41K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $603K, expenses of $702K, and assets of $836K (revenue -29.7% year-over-year).
- 2022: Revenue of $858K, expenses of $656K, and assets of $877K (revenue +211.9% year-over-year).
- 2021: Revenue of $275K, expenses of $398K, and assets of $719K (revenue -21.6% year-over-year).
- 2020: Revenue of $351K, expenses of $323K, and assets of $813K (revenue -17.2% year-over-year).
- 2019: Revenue of $424K, expenses of $571K, and assets of $786K (revenue +91.3% year-over-year).
- 2018: Revenue of $221K, expenses of $88K, and assets of $936K (revenue +52.7% year-over-year).
- 2017: Revenue of $145K, expenses of $220K, and assets of $776K (revenue -77.5% year-over-year).
- 2016: Revenue of $644K, expenses of $648K, and assets of $847K.
- 2015: Revenue of $0, expenses of $0, and assets of $371 (revenue -100.0% year-over-year).
- 2014: Revenue of $442K, expenses of $469K, and assets of $855K (revenue +41.4% year-over-year).
- 2013: Revenue of $313K, expenses of $342K, and assets of $886K (revenue -47.9% year-over-year).
- 2012: Revenue of $600K, expenses of $506K, and assets of $122K (revenue +16.4% year-over-year).
- 2011: Revenue of $515K, expenses of $527K, and assets of $28K (revenue -25.3% year-over-year).
- 2010: Revenue of $690K, expenses of $670K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Texas Impact Education Fund:
Data Sources and Methodology
This transparency report for Texas Impact Education Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.