Texas Higher Education Foundation

Analysis

Texas Higher Education Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Texas Higher Education Foundation reported income of $1.0m and spending of $1.7m, spending 168% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.1m to $1.0m (-2.9%), an average of -0.7% a year. The sharpest change came in the year to August 2020, when income rose by 128%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Higher Education Foundation sits at the 76th percentile: it is larger than about 76% 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 Lakou NFP ($1.0m), Kidz Just Wanna ($1.0m) and Judson College ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 12% of the total. Other salaries and wages came to $5,970. At year end it held assets of $2.2m against liabilities of $240k, net assets of $2.0m. It reported 1 employees.