Texas Christian University

Analysis

Texas Christian University is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 1935, 91 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 May 2023, Texas Christian University reported income of $1.10bn and spending of $960.9m, spending 87% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $904.2m to $1.10bn (+22%), an average of +5.1% a year. The sharpest change came in the year to May 2022, when income rose by 22%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Christian University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include University of California San Francisco Foundation ($1.09bn), William Marsh Rice University ($1.13bn) and Educational Testing Service ($1.06bn).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $13.2m (1.4% of expenses). Other salaries and wages came to $254.3m. It paid $243k in professional fundraising fees. At year end it held assets of $4.54bn against liabilities of $1.29bn, net assets of $3.25bn. It reported 6,409 employees.