4atx Foundation

Analysis

4atx Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, 4atx Foundation reported income of $1.5m and spending of $1.1m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.5m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 380%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 4atx Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Barrington Area Soccer Association Ltd ($1.5m), Detroit Fitness Foundation ($1.5m) and Gabl Youth Sports Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $152k (14% of expenses). Other salaries and wages came to $408k. At year end it held assets of $1.3m against liabilities of $33k, net assets of $1.3m. It reported 29 employees.