Island University Foundation Texas A&m University-Corpus Christ

Analysis

Island University Foundation Texas A&m University-Corpus Christ is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Island University Foundation Texas A&m University-Corpus Christ reported income of $269k and spending of $262k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $263k to $269k (+2.0%), an average of +0.5% a year. The sharpest change came in the year to August 2022, when income rose by 21%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Island University Foundation Texas A&m University-Corpus Christ sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Dcro Institute ($269k), Q300 Parent-Teacher Association Inc ($269k) and Little Rock Electrical Joint Apprenticeship & Training Comm ($268k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.