Schoenstatt Movement of Austin Inc

Analysis

Schoenstatt Movement of Austin Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Schoenstatt Movement of Austin Inc reported income of $504k and spending of $388k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $428k to $504k (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Schoenstatt Movement of Austin Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Islamic Education Center Inc ($504k), Road Map Inc ($504k) and Giac an Buddhist Monastery Giac an Tinh Xa ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $2.0m against liabilities of $37k, net assets of $2.0m.