Downtown Austin Development Corporation

Analysis

Downtown Austin Development Corporation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 April 2023, Downtown Austin Development Corporation reported income of $431k and spending of $139k, leaving 68% of income unspent that year. Across the 2 years on record, from April 2022 to April 2023, income grew from $141k to $431k (+206%), an average of +206% a year. The sharpest change came in the year to April 2023, when income rose by 206%. Over the whole period it spent 33% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Downtown Austin Development Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Recycling Association of Minnesota ($431k), Conemaugh Valley Conservancy Inc ($431k) and WSBZ Farms ($430k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $693k against liabilities of $1,128, net assets of $692k.