Brazos Education Lending Corporation

Analysis

Brazos Education Lending Corporation 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 Lending Corporation reported income of $757k and spending of $1.2m, spending 160% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $493k to $757k (+54%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 157%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brazos Education Lending Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Shining Star School ($757k), Vance Charter School Foundation ($757k) and Kingsley Trust Association ($757k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $14.5m against liabilities of $15.0m, net assets of -$443k.