Impact Austin Foundation

Analysis

Impact Austin Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, Impact Austin Foundation reported income of $546k and spending of $681k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $647k to $546k (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Impact Austin Foundation 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 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Massachusetts LGBT Business Network Inc ($546k), Berkeley Public Library Foundation ($547k) and Norwalk Area United Fund ($546k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $109k (16% of expenses). Other salaries and wages came to $53k. At year end it held assets of $675k against liabilities of $97k, net assets of $578k. It reported 2 employees.