Austin City Art Fund

Analysis

Austin City Art Fund is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Austin City Art Fund reported income of $1.1m and spending of $128k, leaving 89% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $241k to $1.1m (+367%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 186%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin City Art Fund sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Jazz Institute of Chicago Inc ($1.1m), Mak Center for Art and Architecture ($1.1m) and Provincetown Film Society Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $21k (16% of expenses). At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.