University Co-Operative Society

Analysis

University Co-Operative Society is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1977, 49 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 June 2023, University Co-Operative Society reported income of $12.8m and spending of $12.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.1m to $12.8m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Co-Operative Society sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Seed School of Los Angeles County ($12.8m), Alpha Academy Inc ($12.8m) and Davinci Academy of Arts and Science ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $1.2m (9.6% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $20.6m against liabilities of $9.2m, net assets of $11.4m. It reported 253 employees.