Brazos Higher Education Authority Inc

Analysis

Brazos Higher Education Authority Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in October 2014, 12 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 June 2023, Brazos Higher Education Authority Inc reported income of $65.6m and spending of $54.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $65.3m to $65.6m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to June 2023, when income rose by 108%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brazos Higher Education Authority Inc sits at the 99th percentile: it is larger than about 99% of them. 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 Kipp Cooper Norcross a New Jersey Nonprofit Corporation ($65.6m), Northwest Nazarene University Inc ($65.7m) and Goodwin University Inc ($65.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $798.4m against liabilities of $758.4m, net assets of $39.9m.