Austin Creative Alliance

Analysis

Austin Creative Alliance is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2022, Austin Creative Alliance reported income of $640k and spending of $874k, spending 136% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $1.5m to $640k (-58%), an average of -25% a year. The sharpest change came in the year to September 2022, when income dropped by 29%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Creative Alliance sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Afro American Historical Assoc of Fauquier County ($640k), Friends of Arts Council of Greater Denham Springs Inc ($640k) and Northern Plains Ballet ($640k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 17% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $73k (8.3% of expenses). Other salaries and wages came to $130k. At year end it held assets of $446k against liabilities of $524k, net assets of -$77k. It reported 96 employees.