Austin Bar Foundation

Analysis

Austin Bar Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2003, 23 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Austin Bar Foundation reported income of $623k and spending of $549k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $797k to $623k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Austin Bar Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Sean Humphrey House a Non-Profit Corporation ($623k), Chabad-Lubavitch of South Carolina Inc ($623k) and Brunswick Fire Company No I Inc ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $3.5m against liabilities of $2.2m, net assets of $1.3m.