East Texas A&m University Foundation

Analysis

East Texas A&m University Foundation is a registered charity in United States, based in Commerce, TX. It received its IRS tax-exemption ruling in August 1970, 56 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, East Texas A&m University Foundation reported income of $4.8m and spending of $3.5m, leaving 28% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.7m to $4.8m (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2023, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Texas A&m University Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Bronx Veterans Medical Research Foundation Inc ($4.8m), Friends of the Future ($4.8m) and Journey Home Inc ($4.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $35.1m against liabilities of $0, net assets of $35.1m.