Texas Ramp Project

Analysis

Texas Ramp Project is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Texas Ramp Project reported income of $2.4m and spending of $1.8m, leaving 25% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.3m to $2.4m (+81%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Texas Ramp Project sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Sheltering Tree Inc ($2.4m), Brookside Senior Living ($2.4m) and Safe Haven Ministries Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $60k (3.4% of expenses). It paid $3,244 in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $19k, net assets of $1.9m. It reported 2 employees.