Public Invention

Analysis

Public Invention is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover science and technology, 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, Public Invention reported income of $167k and spending of $170k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $167k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Public Invention sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Bluegrass Country Foundation ($167k), United Chinese Learning Center ($167k) and NYC Culture Club Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.