University of Texas Foundation

Analysis

University of Texas Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 1968, 58 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, University of Texas Foundation reported income of $53.7m and spending of $51.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $44.0m to $53.7m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Texas Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Southeastern Louisiana Area Health Education Center ($53.7m), Bronxcare Dr Martin Luther King Jr Health Center ($53.7m) and Community Health Care Inc ($53.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $216k (0.4% of expenses). Other salaries and wages came to $247k. At year end it held assets of $90.2m against liabilities of $42.9m, net assets of $47.3m. It reported 5 employees.