Mothers Milk Bank at Austin

Analysis

Mothers Milk Bank at Austin 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 human services, which this site groups under poverty relief. 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, Mothers Milk Bank at Austin reported income of $4.7m and spending of $3.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $4.7m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mothers Milk Bank at Austin sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Maryland Capital Enterprises Inc ($4.7m), Young Mens Christian Association YMCA Camp Coniston Inc ($4.7m) and Crossroads Community Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $222k (5.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $15.6m against liabilities of $1.8m, net assets of $13.8m. It reported 36 employees.