Quality of Life Foundation of Austin Inc

Analysis

Quality of Life Foundation of Austin Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Quality of Life Foundation of Austin Inc reported income of $296k and spending of $810k, spending 274% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $424k to $296k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2022, when income rose by 86%. Over the whole period it spent 133% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Quality of Life Foundation of Austin Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Te Doy Foundation ($295k), June Jessee Memorial Foundation ($296k) and Friends of Marblehead Hockey Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,057 against liabilities of $0, net assets of $1,057.