Eugene Higgins Charitable Trust

Analysis

Eugene Higgins Charitable Trust is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eugene Higgins Charitable Trust reported income of $12.1m and spending of $9.4m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $12.1m (+150%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 759%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eugene Higgins Charitable Trust sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Flatirons Academy ($12.1m), Simmons College of Kentucky Inc ($12.1m) and Coop Careers Inc ($12.1m).

Compensation of current officers, directors and key employees was $780k (8.3% of expenses). At year end it held assets of $192.0m against liabilities of $0, net assets of $192.0m.