Transformations by Austin Angels

Analysis

Transformations by Austin Angels is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Transformations by Austin Angels reported income of $3.3m and spending of $1.8m, leaving 44% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.3m to $3.3m (+43%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transformations by Austin Angels sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Presbyterian Villages of Michigan Foundation ($3.3m), Seacoast Community School ($3.3m) and Committee on Aging for Randolph ($3.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $75k (4.1% of expenses). Other salaries and wages came to $847k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 20 employees.