Austin Revitalization Authority

Analysis

Austin Revitalization Authority is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Revitalization Authority reported income of $1.5m and spending of $1.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $713k to $1.5m (+113%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Austin Revitalization Authority sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Cape & Islands Community Development Inc ($1.5m), Korean Community Service Center ($1.5m) and Downtown Schenectady Improvement Corp ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $210k (17% of expenses). Other salaries and wages came to $199k. At year end it held assets of $5.9m against liabilities of $3.3m, net assets of $2.6m. It reported 4 employees.