Student Alternatives Program Incorporated

Analysis

Student Alternatives Program Incorporated is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Student Alternatives Program Incorporated reported income of $16.5m and spending of $15.9m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $14.0m to $16.5m (+18%), an average of +4.3% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Student Alternatives Program Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Greater Raleigh Area Christian Education Inc ($16.5m), Salt Lake Community College Foundation ($16.5m) and DC Bilingual Public Charter School ($16.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Other salaries and wages came to $8.6m. At year end it held assets of $20.6m against liabilities of $831k, net assets of $19.8m. It reported 5 employees.