Austin Member-Owened Business Foundation

Analysis

Austin Member-Owened Business Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Member-Owened Business Foundation reported income of $122k and spending of $90k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $23k to $122k (+419%), an average of +419% a year. The sharpest change came in the year to December 2023, when income rose by 419%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Austin Member-Owened Business Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include West Virginia Families United for Education Incorporated ($122k), Eagle Home School Inc ($122k) and Oracle Schools Foundation ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $24k, net assets of $34k.