Huston-Tillotson University

Analysis

Huston-Tillotson University is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 1960, 66 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Huston-Tillotson University reported income of $29.5m and spending of $30.8m, spending 104% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $22.2m to $29.5m (+33%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Huston-Tillotson University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Jewish Family and Childrens Service ($29.4m), Zakat Foundation of America ($29.5m) and Adventist Physician Services Inc ($29.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $873k (2.8% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $64.4m against liabilities of $3.4m, net assets of $61.0m.