Austin Area Foundation

Analysis

Austin Area Foundation is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in September 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 December 2023, Austin Area Foundation reported income of $460k and spending of $306k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $460k (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 262%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Austin Area Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Devoted Dreamers Foundation ($460k), Goodwill Industries Foundation of Northwest Ohio Inc ($460k) and The Battier Take Charge Foundation Inc ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $52k (17% of expenses). At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m. It reported 1 employees.