Texas Chiropractic College Foundation Inc

Analysis

Texas Chiropractic College Foundation Inc is a registered charity in United States, based in Pasadena, TX. It received its IRS tax-exemption ruling in February 1987, 39 years ago. 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 August 2023, Texas Chiropractic College Foundation Inc reported income of $11.5m and spending of $10.8m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $9.4m to $11.5m (+22%), an average of +5.1% a year. The sharpest change came in the year to August 2023, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Chiropractic College Foundation Inc 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 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include NC State University Partnership Corporation ($11.5m), Lac Courte Oreilles Ojibwe University ($11.5m) and Practical Farmers of Iowa ($11.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.6% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $389k (3.6% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $19.6m against liabilities of $3.5m, net assets of $16.2m. It reported 159 employees.