Austin Free-Net

Analysis

Austin Free-Net is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Austin Free-Net reported income of $410k and spending of $406k, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $584k to $410k (-30%), an average of -8.5% a year. The sharpest change came in the year to September 2021, when income dropped by 17%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Austin Free-Net 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 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include South Walpole Community Preschool Inc ($410k), Creek Day School Incorporation ($410k) and Miss Rubys Kids ($410k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $83k (21% of expenses). Other salaries and wages came to $202k. At year end it held assets of $130k against liabilities of $143k, net assets of -$14k. It reported 7 employees.