Austin Groups for the Elderly

Analysis

Austin Groups for the Elderly is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Austin Groups for the Elderly reported income of $5.5m and spending of $3.1m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $5.5m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 185%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Austin Groups for the Elderly sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Woon Headstart & Day Care Center ($5.5m), Hunger Free Colorado ($5.5m) and Connection for Women and Families Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $127k (4.1% of expenses). Other salaries and wages came to $1.3m. It paid $34k in professional fundraising fees. At year end it held assets of $10.4m against liabilities of $1.6m, net assets of $8.8m. It reported 54 employees.