National Asphalt Pavement Association Research and Education

Analysis

National Asphalt Pavement Association Research and Education is a registered charity in United States, based in Greenbelt, MD. It received its IRS tax-exemption ruling in May 1979, 47 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Asphalt Pavement Association Research and Education reported income of $375k and spending of $372k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $375k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Asphalt Pavement Association Research and Education sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Boston Farms Community Land Trust Inc ($375k), Culpeper Renaissance Inc ($375k) and Edison Neighborhood Association Inc ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $5.2m against liabilities of $0, net assets of $5.2m.