McCombs School of Business Foundation

Analysis

McCombs School of Business Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, McCombs School of Business Foundation reported income of $23.7m and spending of $21.5m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $13.1m to $23.7m (+81%), an average of +16% a year. The sharpest change came in the year to August 2020, when income rose by 57%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McCombs School of Business Foundation sits at the 97th 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 Voices College-Bound Language Academies ($23.7m), Cuyahoga Valley Christian Academy ($23.7m) and Pacific Oaks Education Corporation ($23.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $44.6m against liabilities of $4.1m, net assets of $40.5m. It reported 72 employees.