Associated General Contractors of Texas Scholarship Foundation

Analysis

Associated General Contractors of Texas Scholarship Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2018, 8 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, Associated General Contractors of Texas Scholarship Foundation reported income of $907k and spending of $745k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $907k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Associated General Contractors of Texas Scholarship Foundation sits at the 75th percentile: it is larger than about 75% 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 Misty Meadows Equine Learning Center ($907k), Childrens Environmental Literacy Foundation ($907k) and Libforall Foundation ($907k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.