Austin Parks Foundation

Analysis

Austin Parks Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Parks Foundation reported income of $12.2m and spending of $8.9m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.0m to $12.2m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 315%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Austin Parks Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include 21st Century Parks Inc ($12.1m), United States Fencing Association ($12.3m) and Halleck Creek Ranch ($12.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $409k (4.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $25.3m against liabilities of $3.4m, net assets of $21.9m. It reported 22 employees.