Texas College

Analysis

Texas College is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in August 1944, 82 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, Texas College reported income of $17.2m and spending of $14.0m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.9m to $17.2m (-8.8%), an average of -2.3% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas College sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Sports Leadership and Management Academy of Nevada ($17.2m), Almaden Country Day School ($17.3m) and The Malala Fund ($17.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $764k (5.5% of expenses). At year end it held assets of $62.5m against liabilities of $7.2m, net assets of $55.3m. It reported 136 employees.