Austin Skyline Foundation

Analysis

Austin Skyline Foundation is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in January 2018, 8 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 Skyline Foundation reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $897k to $1.3m (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 61% 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 Skyline Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Center for Economic Growth ($1.3m), Pathway Publishing Corporation ($1.3m) and Santa Cruz Museum of Natural History ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $318k (26% of expenses). At year end it held assets of $5.3m against liabilities of $2.6m, net assets of $2.7m. It reported 5 employees.