Texas State University Development Foundation

Analysis

Texas State University Development Foundation is a registered charity in United States, based in San Marcos, TX. It received its IRS tax-exemption ruling in October 1978, 48 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 June 2023, Texas State University Development Foundation reported income of $5.3m and spending of $6.0m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.4m to $5.3m (-54%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 115%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas State University Development Foundation 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 South Peninsula Hebrew Day School ($5.3m), University of South Carolina Alumni Association ($5.3m) and Lincoln-Uinta Child Development Association Incorporated ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $116.5m against liabilities of $2.9m, net assets of $113.6m.