Texas Tech Alumni Association Endowment Trust

Analysis

Texas Tech Alumni Association Endowment Trust is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in September 1973, 53 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, Texas Tech Alumni Association Endowment Trust reported income of $673k and spending of $545k, spending 81% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $732k to $673k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to August 2022, when income rose by 329%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Tech Alumni Association Endowment Trust sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include University of York in America Inc ($673k), Hadar Hatorah Inc ($673k) and The Light Academy Inc ($673k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $14.9m against liabilities of $180k, net assets of $14.7m.