College Houses

Analysis

College Houses is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, College Houses reported income of $4.7m and spending of $4.2m, spending 90% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $4.2m to $4.7m (+13%), an average of +3.2% a year. The sharpest change came in the year to May 2022, when income rose by 60%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Houses sits at the 89th percentile: it is larger than about 89% 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 The Cornerstone Christian Academy ($4.7m), Onondaga Community College Housing Development Corp ($4.7m) and Columbus Metropolitan Library Foundation ($4.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $118k (2.8% of expenses). Other salaries and wages came to $399k. At year end it held assets of $14.7m against liabilities of $11.6m, net assets of $3.1m. It reported 19 employees.