Texas Southmost College Foundation Inc

Analysis

Texas Southmost College Foundation Inc is a registered charity in United States, based in Brownsville, TX. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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 August 2023, Texas Southmost College Foundation Inc reported income of $1.1m and spending of $424k, leaving 61% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $332k to $1.1m (+226%), an average of +34% a year. The sharpest change came in the year to August 2020, when income rose by 280%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Southmost College Foundation Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Just Cities Institute ($1.1m), Bay Area Outreach and Recreation Program ($1.1m) and Bernard Zell Anshe Emet Day School Endowment Fund ($1.1m).

At year end it held assets of $12.1m against liabilities of $901k, net assets of $11.2m.