Team Acrotex Scholarship & Training Fund

Analysis

Team Acrotex Scholarship & Training Fund is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Team Acrotex Scholarship & Training Fund reported income of $81k and spending of $97k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $45k to $81k (+82%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Acrotex Scholarship & Training Fund sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Gatlinburg Sportsmans Club ($81k), Stoughton Aqua Racers ($81k) and Treasure Coast Elite Inc ($81k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 41% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.