Austin Area Quilt Guild

Analysis

Austin Area Quilt Guild is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Austin Area Quilt Guild reported income of $68k and spending of $56k, spending 83% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $99k to $68k (-32%), an average of -32% a year. The sharpest change came in the year to June 2024, when income dropped by 32%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Area Quilt Guild sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Great Lakes Bay Production ($68k), Association for Gerontology Education in Social Work Inc ($68k) and East Texas Symphonic Band Inc ($68k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 47% of the total. At year end it held assets of $248k against liabilities of $800, net assets of $248k.