Affordable Central Texas Inc

Analysis

Affordable Central Texas Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Affordable Central Texas Inc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $406k to $1.1m (+161%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 142%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Central Texas Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include I Am Safe Inc ($1.1m), Habitat for Humanity International Inc ($1.1m) and Nanas Childrens Home Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. Other salaries and wages came to $3,812. At year end it held assets of $2.1m against liabilities of $770k, net assets of $1.3m. It reported 6 employees.