Apta Permian Basin Inc

Analysis

Apta Permian Basin Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in July 2002, 24 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 December 2023, Apta Permian Basin Inc reported income of $297k and spending of $259k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $297k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 262%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Apta Permian Basin Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include CCNS Inc ($297k), New Prairie Activity Center ($297k) and Cardinal Newman Academy ($297k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $417k against liabilities of $0, net assets of $417k.