Texas Asphalt Pavement Association Scholarship Program

Analysis

Texas Asphalt Pavement Association Scholarship Program is a registered charity in United States, based in Buda, TX. It received its IRS tax-exemption ruling in November 2017, 9 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, Texas Asphalt Pavement Association Scholarship Program reported income of $905k and spending of $317k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $510k to $905k (+78%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 29% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Asphalt Pavement Association Scholarship Program sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include I B E W Local 163 Joint Apprentice & Training Committe ($905k), Books for Keeps ($905k) and Spiritual and Veda Alama Suda ($905k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $3.1m against liabilities of $14k, net assets of $3.1m.