Austin Area Research Organization Inc

Analysis

Austin Area Research Organization Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 1981, 45 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 December 2023, Austin Area Research Organization Inc reported income of $946k and spending of $938k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $654k to $946k (+45%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Austin Area Research Organization Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Electrical Industry Educational Fund ($946k), Center of Hope ($946k) and Agudas Achim Development Corporation ($946k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $301k (32% of expenses). Other salaries and wages came to $90k. At year end it held assets of $1.5m against liabilities of $622k, net assets of $859k. It reported 4 employees.