Caritas of Austin

Analysis

Caritas of Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 1977, 49 years ago. 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 September 2023, Caritas of Austin reported income of $17.5m and spending of $18.8m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.0m to $17.5m (+60%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caritas of Austin sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Visiting Nurse & Hospice of Litchfield County Inc ($17.5m), Vna Hospice of Indian River County Inc ($17.5m) and Young Mens Christian Association Joliet ($17.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $672k (3.6% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $13.1m against liabilities of $7.7m, net assets of $5.4m. It reported 121 employees.