Health Alliance for Austin Musicians

Analysis

Health Alliance for Austin Musicians is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Health Alliance for Austin Musicians reported income of $3.8m and spending of $4.3m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.8m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Health Alliance for Austin Musicians 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 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Citrus Counseling Services Inc ($3.8m), Surprise Lake Camp ($3.8m) and Affiliated Tribes of Northwest Indians ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $202k (4.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $7.4m against liabilities of $129k, net assets of $7.2m. It reported 20 employees.