Texas Tech Law School Foundation

Analysis

Texas Tech Law School Foundation is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in December 1967, 59 years ago. 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 August 2023, Texas Tech Law School Foundation reported income of $5.0m and spending of $1.6m, leaving 67% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $5.0m (+208%), an average of +32% a year. The sharpest change came in the year to August 2022, when income rose by 392%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Tech Law School Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Center for Civic Policy ($5.0m), Mha Health Institute ($5.0m) and Moveable Feast Inc ($5.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 0.8% of the total. At year end it held assets of $36.7m against liabilities of $91k, net assets of $36.6m.