Texas Southern University Foundation

Analysis

Texas Southern University Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Texas Southern University Foundation reported income of $18.1m and spending of $11.2m, leaving 38% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.7m to $18.1m (+388%), an average of +49% a year. The sharpest change came in the year to August 2021, when income rose by 182%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Southern University Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Fountain Valley School of Colorado ($18.1m), Summit School Inc ($18.1m) and Durand Inc ($18.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $26.1m against liabilities of $3.4m, net assets of $22.7m.