University of North Texas Foundation Inc

Analysis

University of North Texas Foundation Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, University of North Texas Foundation Inc reported income of $20.8m and spending of $12.8m, leaving 38% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $45.7m to $20.8m (-55%), an average of -18% a year. The sharpest change came in the year to August 2020, when income dropped by 59%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, University of North Texas Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Chester County Community Foundation Inc ($20.7m), Community Foundation of Western Pennsylvania and Eastern Ohio ($20.8m) and Eat Learn Play Foundation ($20.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 48% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $958k (7.5% of expenses). Other salaries and wages came to $378k. At year end it held assets of $324.6m against liabilities of $84.9m, net assets of $239.7m. It reported 12 employees.