Downtown Austin Parks LLC

Analysis

Downtown Austin Parks LLC is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2017, 9 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 April 2023, Downtown Austin Parks LLC reported income of $432k and spending of $347k, spending 80% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $233k to $432k (+86%), an average of +17% a year. The sharpest change came in the year to April 2023, when income rose by 109%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Austin Parks LLC sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include National Hispanic Cultural Center Foundation ($432k), San Angelo Braodway Academy Youth Theatre ($432k) and Lmsarcoma Direct Research Foundation ($432k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $222k against liabilities of $32k, net assets of $191k.