Brazos Higher Education Service Corporation Inc

Analysis

Brazos Higher Education Service Corporation Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in November 1982, 44 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 Service Corporation Inc reported income of $16.3m and spending of $8.1m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.6m to $16.3m (+54%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 64% 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 Service Corporation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Lighthouse Academies of Arkansas Inc ($16.3m), New Orleans Military and Maritime Academy Inc ($16.3m) and Faces SF ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 58% of the total. Compensation of current officers, directors and key employees was $4.1m (51% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $212.6m against liabilities of $10.2m, net assets of $202.4m. It reported 35 employees.