Austin Community Foundation

Analysis

Austin Community Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 1977, 49 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 Community Foundation reported income of $114.7m and spending of $58.3m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $73.5m to $114.7m (+56%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 57% 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 Community Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Saint Paul & Minnesota Foundation ($114.4m), Thrivent Charitable Impact & Investing ($114.8m) and Community Foundation of Greater Memphis Inc ($114.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $704k (1.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $529.5m against liabilities of $66.1m, net assets of $463.4m. It reported 29 employees.