Movability Inc

Analysis

Movability Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Movability Inc reported income of $773k and spending of $678k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $596k to $773k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Movability Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Leadership Center of Arlington ($773k), The Edina Community Foundation ($774k) and Rise Early Learning Center ($773k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $141k (21% of expenses). Other salaries and wages came to $265k. At year end it held assets of $615k against liabilities of $45k, net assets of $570k. It reported 10 employees.