Texas Tech Parents Association

Analysis

Texas Tech Parents Association is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 1965, 61 years ago. 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 December 2023, Texas Tech Parents Association reported income of $217k and spending of $182k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $217k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Tech Parents 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 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Mississippi Educational Computing Association Inc ($217k), Lees Summit Powder Puff Softball Association ($217k) and Junior Auxiliary of Hattiesburg Mississippi Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 45% of the total. Other salaries and wages came to $63k. At year end it held assets of $485k against liabilities of $1,137, net assets of $484k. It reported 12 employees.