30
Texas Economic Development Corporation
Community Development · Austin, Texas
Po Box 68702, Austin, TX 78701-0000
EIN: 742619492· Founded: May 1993· 33 years active· Filing Year: 2023
Annual Revenue
$5.9M
Total Expenses
$3.1M
Total Assets
$9.8M
Program Spending
1%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$804K
26.0% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$477K
Total Payroll
$1.3M
42% of total expenses
Where the Money Goes
1%
Programs: 1%
Payroll: 42%
Other overhead: 100%
Program Revenue$16K (0%)
Total Expenses$3.1M (52%)
Payroll$1.3M (42%)
Overhead (non-program)100%
Trust Score Breakdown
Program Spending Ratio
1% of expenses go to programs
Revenue & Stability
$5.9M annual revenue
Executive Compensation
$804K total officer comp (26.0% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$9.8M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.