North Central Texas College Foundation Inc

Analysis

North Central Texas College Foundation Inc is a registered charity in United States, based in Gainesville, TX. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, North Central Texas College Foundation Inc reported income of $1.8m and spending of $740k, leaving 59% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income fell from $2.2m to $1.8m (-18%), an average of -6.4% a year. The sharpest change came in the year to August 2022, when income rose by 62%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Central Texas College Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Morrison Institute of Technology ($1.8m), Saints Academy Inc ($1.8m) and Allmemphis Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $14.0m against liabilities of $0, net assets of $14.0m.