East Texas Baptist University

Analysis

East Texas Baptist University is a registered charity in United States, based in Marshall, TX. It received its IRS tax-exemption ruling in December 1964, 62 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, East Texas Baptist University reported income of $59.9m and spending of $61.6m, spending 103% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $53.4m to $59.9m (+12%), an average of +2.9% a year. The sharpest change came in the year to May 2020, when income rose by 19%. 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, East Texas Baptist University sits at the 98th percentile: it is larger than about 98% of them. 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 Genesee Education Consultant Services Inc ($59.9m), Belmont Abbey College ($60.0m) and Hawken School ($59.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.0m (1.7% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $164.2m against liabilities of $32.2m, net assets of $132.0m. It reported 895 employees.