Inter-Cooperative Council at University of Texas Inc

Analysis

Inter-Cooperative Council at University of Texas Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 May 2024, Inter-Cooperative Council at University of Texas Inc reported income of $1.6m and spending of $1.7m, spending 102% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $1.5m to $1.6m (+13%), an average of +2.5% a year. The sharpest change came in the year to May 2022, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Inter-Cooperative Council at University of Texas Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Knights of Pythias Care Center ($1.6m), Alliance Asset Management Inc ($1.6m) and Encino Development and Management Inc ($1.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $102k (6.1% of expenses). Other salaries and wages came to $259k. At year end it held assets of $6.0m against liabilities of $3.3m, net assets of $2.7m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.