North Austin Community Center

Analysis

North Austin Community Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, North Austin Community Center reported income of $6.2m and spending of $776k, leaving 87% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $200k to $6.2m (+2994%), an average of +456% a year. The sharpest change came in the year to June 2022, when income rose by 6384%. Over the whole period it spent 4.3% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Austin Community Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Pathforward Inc ($6.2m), Pa Irc Network Foundation ($6.2m) and University Area Community Development Corporation Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. At year end it held assets of $58.1m against liabilities of $39.6m, net assets of $18.5m.