Brazos Education Loan Authority Inc

Analysis

Brazos Education Loan Authority Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Brazos Education Loan Authority Inc reported income of $80.0m and spending of $68.1m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $91.7m to $80.0m (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brazos Education Loan Authority Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Cornell College ($79.8m), Coe College ($80.0m) and Oglethorpe University Inc ($79.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $1.15bn against liabilities of $918.9m, net assets of $230.7m.