University of Houston Foundation

Analysis

University of Houston Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1961, 65 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 August 2023, University of Houston Foundation reported income of $14.2m and spending of $10.5m, leaving 26% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $14.4m to $14.2m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to August 2021, when income rose by 72%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Houston Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include College of Central Florida Foundation Inc ($14.2m), Bronx Charter School for the Arts ($14.2m) and Pan-American Elementary Charter School ($14.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 32% of the total. Compensation of current officers, directors and key employees was $345k (3.3% of expenses). Other salaries and wages came to $257k. At year end it held assets of $187.5m against liabilities of $13.3m, net assets of $174.2m. It reported 4 employees.