Austin Foundation Inc
Austin Foundation Inc. consistently operates at a deficit, relying on a stable asset base, with recent revenue surge unexplained.
EIN: 141777852 · Wilmington, DE · Updated: 2026-03-28
Is Austin Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Austin Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Austin Foundation Inc
Austin Foundation Inc (EIN: 141777852) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $791K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Austin Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Austin Foundation Inc is a small nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $151K |
| Surplus / Deficit | $-74,413 |
| Total Assets | $2.3M |
| Total Liabilities | $1 |
| Net Assets | $2.3M |
| Operating Margin | -97.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 184.5 months |
Financial Health Grade: B
In 2023, Austin Foundation Inc reported a deficit of $74K with expenses exceeding revenue, holds 184.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Austin Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.6% | -1.5% | -3.1% |
| 2022 | -37.5% | +31.1% | -0.4% |
| 2021 | +92.6% | -20.0% | +4.9% |
| 2020 | -21.4% | -16.0% | -1.2% |
| 2019 | +26.6% | +4.6% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Austin Foundation Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Austin Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a fully volunteer-led organization or that compensation is not categorized as 'officer compensation' in the provided data, which could impact transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Austin Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in 8 of 10 periods)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unexplained significant surge in 'Latest Revenue' compared to historical trends
- NTEE Code is unknown, hindering understanding of mission alignment
Strengths
The following positive indicators were identified for Austin Foundation Inc:
- Strong and stable asset base (consistently over $2.2 million)
- Minimal liabilities (consistently $0 or $1)
- Consistent filing history (10 filings provided)
- No reported officer compensation, potentially indicating volunteer leadership
Frequently Asked Questions about Austin Foundation Inc
Is Austin Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Austin Foundation Inc (EIN: 141777852) some concerns. Mission Score: 60/100. 4 red flags identified, 4 strengths noted.
How does Austin Foundation Inc spend its money?
Austin Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Austin Foundation Inc tax-deductible?
Austin Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141777852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in 'Latest Revenue' to $790,573 compared to historical annual revenues typically below $250,000?
The provided data does not specify the source or nature of this substantial revenue increase, which deviates significantly from the organization's historical financial patterns.
What is the detailed breakdown of expenses (program, administrative, fundraising) for Austin Foundation Inc.?
The provided IRS 990 data lacks the granular detail to accurately determine the specific percentages allocated to programs, administration, and fundraising, making it difficult to assess spending efficiency.
How does Austin Foundation Inc. cover its recurring operational deficits, given that expenses frequently exceed revenue?
The organization appears to cover these deficits by drawing from its substantial asset base, which has remained consistently above $2.2 million, or through prior year surpluses.
Is the Austin Foundation Inc. primarily volunteer-run, given the 0% officer compensation reported?
The consistent reporting of 0% officer compensation strongly suggests a volunteer-led executive team, but further details from the full 990 filing would be needed to confirm this definitively.
Filing History
IRS 990 filing history for Austin Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Austin Foundation Inc's revenue has declined by 78.8%, moving from $361K to $76K. Total assets decreased by 2.7% over the same period, from $2.4M to $2.3M. Total functional expenses rose by 10.5%, from $137K to $151K. In its most recent filing year (2023), Austin Foundation Inc reported a deficit of $74K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $151K | $2.3M | $1 | — | — |
| 2022 | $143K | $153K | $2.4M | $1 | — | View 990 |
| 2021 | $229K | $117K | $2.4M | $1 | — | View 990 |
| 2020 | $119K | $146K | $2.3M | $1 | — | View 990 |
| 2019 | $152K | $174K | $2.3M | $1 | — | View 990 |
| 2015 | $120K | $166K | $2.3M | $1 | — | View 990 |
| 2014 | $116K | $145K | $2.3M | $1 | — | View 990 |
| 2013 | $123K | $148K | $2.4M | $1 | — | View 990 |
| 2012 | $128K | $135K | $2.4M | $0 | — | View 990 |
| 2011 | $361K | $137K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $151K, and assets of $2.3M (revenue -46.6% year-over-year).
- 2022: Revenue of $143K, expenses of $153K, and assets of $2.4M (revenue -37.5% year-over-year).
- 2021: Revenue of $229K, expenses of $117K, and assets of $2.4M (revenue +92.6% year-over-year).
- 2020: Revenue of $119K, expenses of $146K, and assets of $2.3M (revenue -21.4% year-over-year).
- 2019: Revenue of $152K, expenses of $174K, and assets of $2.3M (revenue +26.6% year-over-year).
- 2015: Revenue of $120K, expenses of $166K, and assets of $2.3M (revenue +3.0% year-over-year).
- 2014: Revenue of $116K, expenses of $145K, and assets of $2.3M (revenue -5.3% year-over-year).
- 2013: Revenue of $123K, expenses of $148K, and assets of $2.4M (revenue -4.0% year-over-year).
- 2012: Revenue of $128K, expenses of $135K, and assets of $2.4M (revenue -64.6% year-over-year).
- 2011: Revenue of $361K, expenses of $137K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Austin Foundation Inc:
Data Sources and Methodology
This transparency report for Austin Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.