Better Atx

Analysis

Better Atx is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2023, Better Atx reported income of $1.9m and spending of $1.5m, leaving 23% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.4m to $1.9m (+37%), an average of +8.1% a year. The sharpest change came in the year to May 2022, when income rose by 86%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Better Atx sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include LA Jolla Community Foundation ($1.9m), 150 Hooper Inc ($1.9m) and City Life - Community Builders ($1.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 96% and program service revenue 1.9% of the total. At year end it held assets of $4.7m against liabilities of $37k, net assets of $4.7m.