Austin Community Scholarship Committee

Analysis

Austin Community Scholarship Committee is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in September 1963, 63 years ago. 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 December 2023, Austin Community Scholarship Committee reported income of $68k and spending of $56k, spending 83% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $76k to $68k (-11%), an average of -5.6% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Austin Community Scholarship Committee sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Cullman First United Methodist Foundation ($68k), PTA California Congress of Parents Teachers & Students Inc ($68k) and Read for Life ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $403k against liabilities of $0, net assets of $403k.