Uatx

Analysis

Uatx is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2022, 4 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 2024, Uatx reported income of $35.9m and spending of $17.9m, leaving 50% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $11.4m to $35.9m (+216%), an average of +78% a year. The sharpest change came in the year to June 2023, when income rose by 146%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Uatx 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 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include LCTCS Facilities Corporation ($35.9m), Ramah Navajo School Board Inc ($35.9m) and G Squared Foundation Inc ($35.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $1.2m (6.4% of expenses). Other salaries and wages came to $4.3m. It paid $203k in professional fundraising fees. At year end it held assets of $62.8m against liabilities of $5.5m, net assets of $57.4m. It reported 44 employees.