Austin Community Growth Ventures

Analysis

Austin Community Growth Ventures is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Austin Community Growth Ventures reported income of $163k and spending of $202k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $20.7m to $163k (-99%), an average of -70% a year. The sharpest change came in the year to December 2020, when income dropped by 95%. Over the whole period it spent 167% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Austin Community Growth Ventures sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Brighton Main Streets Inc ($163k), City Club of Central Oregon ($163k) and Rockwood Food ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $259k against liabilities of $24k, net assets of $236k.