Truckload Carriers Association Scholarship Fund Inc

Analysis

Truckload Carriers Association Scholarship Fund Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in September 1973, 53 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 September 2023, Truckload Carriers Association Scholarship Fund Inc reported income of $300k and spending of $236k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $112k to $300k (+168%), an average of +28% a year. The sharpest change came in the year to September 2023, when income rose by 139%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Truckload Carriers Association Scholarship Fund Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Chino Valley Education Foundation ($300k), Champion Charger Athletic Booster Club ($300k) and Buffalo Council Inc ($300k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.