Austin Cpa Continuing Professional Education Foundation

Analysis

Austin Cpa Continuing Professional Education Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2023, Austin Cpa Continuing Professional Education Foundation reported income of $147k and spending of $257k, spending 175% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $368k to $147k (-60%), an average of -20% a year. The sharpest change came in the year to May 2022, when income dropped by 53%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Austin Cpa Continuing Professional Education Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Junior League of the Great Lakes Bay Region ($147k), Durant Main Street ($147k) and Ducker Road Community Involvement & Council ($147k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 10.0% and program service revenue 82% of the total. At year end it held assets of $626k against liabilities of $329k, net assets of $298k.