Texas a & M University-Corpus Christi Foundation Inc

Analysis

Texas a & M University-Corpus Christi Foundation Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in July 2002, 24 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 March 2023, Texas a & M University-Corpus Christi Foundation Inc reported income of $2.3m and spending of $2.3m, spending 99% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $7.0m to $2.3m (-68%), an average of -24% a year. The sharpest change came in the year to March 2022, when income rose by 115%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas a & M University-Corpus Christi Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Associated Students of California State University San Marcos ($2.3m), Rivers Edge Academy Charter School ($2.3m) and Memorial Day School Inc ($2.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $46.4m against liabilities of $66k, net assets of $46.3m.