Land Grant University Tax Education Foundation Inc

Analysis

Land Grant University Tax Education Foundation Inc is a registered charity in United States, based in College Sta, TX. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Land Grant University Tax Education Foundation Inc reported income of $952k and spending of $928k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $992k to $952k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Land Grant University Tax Education Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Hingham Historical Society ($952k), All Ages Music Portland ($952k) and Owensboro Symphony Orchestra Inc ($952k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $299k (32% of expenses). At year end it held assets of $419k against liabilities of $0, net assets of $419k.