Concordia University Texas

Analysis

Concordia University Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1941, 85 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Concordia University Texas reported income of $68.4m and spending of $69.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $64.7m to $68.4m (+5.8%), an average of +1.4% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Concordia University Texas sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include University of New Mexico Foundation Incorporated ($68.1m), University of South Florida Foundation Inc ($68.5m) and Dexter Southfield Inc ($68.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $2.7m (3.8% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $167.3m against liabilities of $53.7m, net assets of $113.6m. It reported 715 employees.