Austin Speech Labs Inc

Analysis

Austin Speech Labs Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 Speech Labs Inc reported income of $1.4m and spending of $1.2m, spending 81% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.0m to $1.4m (+43%), an average of +7.4% a year. The sharpest change came in the year to December 2019, when income rose by 38%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Austin Speech Labs Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Heartbeat of Miami Inc ($1.4m), Julie and Michael Tracy Family Foundation ($1.4m) and Permian Basin Regional Council on Alcohol and Drug Abuse ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $34k (2.9% of expenses). Other salaries and wages came to $697k. At year end it held assets of $3.1m against liabilities of $244k, net assets of $2.9m. It reported 17 employees.