Austin Transit Partnership Local Government Corporation

Analysis

Austin Transit Partnership Local Government Corporation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, Austin Transit Partnership Local Government Corporation reported income of $175.1m and spending of $69.8m, leaving 60% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income fell from $215.7m to $175.1m (-19%), an average of -9.9% a year. The sharpest change came in the year to September 2022, when income dropped by 16%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Austin Transit Partnership Local Government Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Catholic Charities of the Archdiocese of Chicago ($174.9m), Seneca Family of Agencies ($176.9m) and NYC School Bus Umbrella Services ($174.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $1.7m (2.4% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $487.7m against liabilities of $31.1m, net assets of $456.6m. It reported 57 employees.