Tega Parent Association

Analysis

Tega Parent Association is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2023, Tega Parent Association reported income of $159k and spending of $33k, leaving 79% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income fell from $184k to $159k (-13%), an average of -14% a year. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tega Parent Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Vandalia Youth Theatre Company ($159k), Paul R & Erminie F Hafer Perpetual Charitable TR Fbo BMHV ($159k) and Paul Brunton Philosophic Foundation Inc ($159k).

On its Form 990-EZ for the period ending May 2023, revenue came from program service revenue 2.2% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.