Astec Fund Inc

Analysis

Astec Fund Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Astec Fund Inc reported income of $4.8m and spending of $560k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.9m to $4.8m (-59%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 336%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Astec Fund Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Muskegon Christian School ($4.8m), Tree Academy ($4.8m) and High Desert Montessori Charter School ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $16.6m against liabilities of $8.7m, net assets of $7.9m.