The University of Texas Rio Grande Valley Foundation

Analysis

The University of Texas Rio Grande Valley Foundation is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in December 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, The University of Texas Rio Grande Valley Foundation reported income of $5.0m and spending of $3.7m, leaving 26% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.6m to $5.0m (+39%), an average of +8.6% a year. The sharpest change came in the year to August 2021, when income rose by 270%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The University of Texas Rio Grande Valley Foundation sits at the 92nd percentile: it is larger than about 92% 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 Habitat for Humanity International Inc ($5.0m), American Alpine Club ($5.0m) and Eastern Carolina Young Mens Christian Association Inc ($5.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $41.6m against liabilities of $158k, net assets of $41.4m.