Austin Community Charitable Fund

Analysis

Austin Community Charitable Fund is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in April 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Austin Community Charitable Fund reported income of $434k and spending of $383k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $434k (-78%), an average of -32% a year. The sharpest change came in the year to December 2022, when income rose by 379%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Austin Community Charitable Fund sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include The Southeastern Illinois College Foundation ($434k), National Church Residences of ($434k) and Lupus Foundation of America Texas Gulf Coast Chapter Inc ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $21k. At year end it held assets of $4.3m against liabilities of $151k, net assets of $4.2m.