Annunciation Austin

Analysis

Annunciation Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Annunciation Austin reported income of $205k and spending of $231k, spending 113% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income fell from $212k to $205k (-3.4%), an average of -3.4% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Annunciation Austin 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 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Poth Education Foundation ($205k), Amplify Arts ($205k) and Ahead Inc ($205k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $61k (26% of expenses). At year end it held assets of $104k against liabilities of $0, net assets of $104k.