Texas Community College Education Initiative

Analysis

Texas Community College Education Initiative is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2004, 22 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 Community College Education Initiative reported income of $3.3m and spending of $3.9m, spending 120% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.3m to $3.3m (+45%), an average of +9.8% a year. The sharpest change came in the year to August 2023, when income rose by 64%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Community College Education Initiative 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 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Fuller Arts and Sciences Inc ($3.3m), Connected the National Center for College and Career ($3.3m) and Academy Prep Center of Tampa Inc ($3.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $319k (8.1% of expenses). Other salaries and wages came to $684k. At year end it held assets of $3.8m against liabilities of $919k, net assets of $2.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.