University of Texas Foundation No 1 Inc

Analysis

University of Texas Foundation No 1 Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 1971, 55 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, University of Texas Foundation No 1 Inc reported income of $2.3m and spending of $854k, leaving 62% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $2 to $2.3m (+113207300%), an average of +106299% a year. The sharpest change came in the year to December 2022, when income rose by 42505500%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Texas Foundation No 1 Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Lacer Afterschool Programs ($2.3m), Casa Family Systems ($2.3m) and Experience Incorporated of Warren Pennsylvania ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.3m against liabilities of $2.3m, net assets of $7,744.