Brazos Higher Education Authority Inc
5609 Crosslake Pkwy, Waco, TX · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $43,649,233 | $51,537,202 | $27,871,976 |
| FY2024 | $52,767,150 | $56,936,680 | $35,759,942 |
| FY2023 | $65,596,378 | $54,054,077 | $39,929,466 |
| FY2022 | $31,545,196 | $30,560,842 | $28,387,165 |
| FY2021 | $33,986,760 | $27,080,572 | $27,497,184 |
| FY2020 | $53,170,548 | $47,907,302 | $20,590,996 |
| FY2019 | $65,270,655 | $61,975,229 | $15,327,750 |
| FY2018 | $61,980,302 | $56,097,992 | $12,032,324 |
| FY2017 | $57,143,585 | $52,453,004 | $6,150,014 |
| FY2016 | $59,577,435 | $50,546,949 | $1,459,433 |
| FY2015 | $120,637,832 | $92,100,053 | -$7,571,054 |
| FY2014 | $179,269,029 | $132,353,491 | $206,652,147 |
| FY2013 | $217,358,167 | $171,769,644 | $159,736,610 |
| FY2012 | $258,921,911 | $221,911,401 | $113,962,529 |
Form 990 filings
The returns filed by Brazos Higher Education Authority Inc (EIN 74-2099402), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $37,051,905 | 85% |
| Other revenue | $6,597,328 | 15% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $51,537,202 | 100% |
| Management & general | $0 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 85% of total revenue in FY2025.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2025. That is higher than 98.7% of 236 Education organizations in TX.
- Net assets covered about 6.5 months of expenses at the end of the reporting year. That puts it in the 33rd percentile among 4180 Education organizations in TX.
- Total revenue was higher than 98.5% of 4316 Education organizations in TX.
- Total revenue fell from $258,921,911 in FY2012 to $43,649,233 in FY2025. Revenue increased in 3 and decreased in 10 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2024, FY2025).
- The highest revenue on record here is $258,921,911 in FY2012.
- Net assets declined from $113,962,529 to $27,871,976 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
BRAZOS HIGHER EDUCATION AUTHORITY, INC.'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B82 — Education (in TX) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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