Austin Lifecare Inc

Analysis

Austin Lifecare Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Lifecare Inc reported income of $6.8m and spending of $5.4m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $6.8m (+370%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 236%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Austin Lifecare Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Ocoee Regional Health Corporation ($6.8m), Metro Atlanta Recovery Residences Inc ($6.8m) and Settlement Club ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $110k (2.0% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $5.9m against liabilities of $1.5m, net assets of $4.3m. It reported 15 employees.