Degree Partners

Analysis

Degree Partners is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Degree Partners reported income of $1.8m and spending of $1.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.8m (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Degree Partners sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Center for Early Childhood Education ($1.8m), Colorado Rocky Mountain School Foundation ($1.8m) and Sheridan Allprep Academy ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $258k (13% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.0m against liabilities of $3,762, net assets of $1.0m. It reported 23 employees.