Austin Music Foundation Inc

Analysis

Austin Music Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2004, 22 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 (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, Austin Music Foundation Inc reported income of $198k and spending of $192k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $445k to $198k (-56%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 104% 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 Music Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Shadowlight Productions ($198k), Green Lawn Cemetery Foundation Inc ($198k) and Friends of Newport Theatre Arts ($198k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.