Alzheimers Texas Inc

Analysis

Alzheimers Texas Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 1985, 41 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 June 2023, Alzheimers Texas Inc reported income of $382k and spending of $365k, spending 96% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $488k to $382k (-22%), an average of -7.9% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alzheimers Texas Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Withlacoochee River Electric Cares Inc ($382k), Mid-Columbia Regional Ballet ($382k) and Atlanta Pop Concerts Inc ($382k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $64k. At year end it held assets of $1.1m against liabilities of $51k, net assets of $1.0m. It reported 3 employees.