Texas Tech Alumni Association

Analysis

Texas Tech Alumni Association is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in September 1949, 77 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Alumni Association reported income of $6.4m and spending of $4.3m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $6.4m (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Tech Alumni Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Friends of Classical Charter Schools Inc ($6.4m), Promise Academy ($6.4m) and Virtual Preparatory Academy of Florida Inc ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $739k (17% of expenses). Other salaries and wages came to $914k. At year end it held assets of $19.4m against liabilities of $1.8m, net assets of $17.7m. It reported 32 employees.