Austin Chinese-American Network

Analysis

Austin Chinese-American Network is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Austin Chinese-American Network reported income of $266k and spending of $290k, spending 109% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $207k to $266k (+28%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Austin Chinese-American Network 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 59th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Community Alliance for Special Education ($266k), South Carolina First Steps to School Readiness Board of Trustees ($266k) and Amazing Grace Virtual Academy ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.