University of Houston College of Business Foundation

Analysis

University of Houston College of Business Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, University of Houston College of Business Foundation reported income of $26.0m and spending of $4.2m, leaving 84% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.8m to $26.0m (+441%), an average of +52% a year. The sharpest change came in the year to August 2020, when income rose by 307%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Houston College of Business Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Philadelphia Academy Charter School ($26.0m), Trinity-Pawling School Corporation ($26.0m) and Santa Rosa Academy Incorporated ($26.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 0.0% of the total. Other salaries and wages came to $96k. At year end it held assets of $85.2m against liabilities of $36k, net assets of $85.2m. It reported 1 employees.