Austin College

Analysis

Austin College is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in May 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Austin College reported income of $97.1m and spending of $82.5m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $87.5m to $97.1m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Austin College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Archway Charter School of Chester Inc ($97.0m), University Impact ($97.1m) and Five Keys Schools and Programs ($97.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $932k (1.1% of expenses). Other salaries and wages came to $18.3m. It paid $145k in professional fundraising fees. At year end it held assets of $322.0m against liabilities of $45.7m, net assets of $276.3m. It reported 891 employees.