Musician Treatment Foundation of Austin Texas Inc

Analysis

Musician Treatment Foundation of Austin Texas Inc is a registered charity in United States, based in W Lake Hills, TX. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Musician Treatment Foundation of Austin Texas Inc reported income of $221k and spending of $185k, spending 84% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $163k to $221k (+35%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 837%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Musician Treatment Foundation of Austin Texas Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Paynesville Area Living at Home Block Nurse Program ($221k), Traumatic Brain Injury Resource Center ($221k) and In Concert for Cancer ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 278% of the total. At year end it held assets of $362k against liabilities of $265, net assets of $362k.