Ten Thousand Villages of Austin

Analysis

Ten Thousand Villages of Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Ten Thousand Villages of Austin reported income of $239k and spending of $261k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $279k to $239k (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ten Thousand Villages of Austin sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Building Community Value ($239k), South Central Texas Community Foundation ($239k) and Alleghany Highlands Economic Development Corporation ($239k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% of the total. Compensation of current officers, directors and key employees was $51k (20% of expenses). Other salaries and wages came to $50k. At year end it held assets of $330k against liabilities of $186k, net assets of $144k. It reported 3 employees.