Austin Economic Development Cor
Public records show a registered, tax-exempt organization in good standing.
What it says it does
The Austin Economic Development Corporation stewards public and private real estate assets to create inclusive community benefits and equitable economic outcomes for Austin.
- Income
- $6.0 million
- Spending
- $1.9 million
- Spent on programs
- 66%
- Reserves
- 49.1 months of spending
- Largest source of income
- government grants, 89%
- Employees
- 9
- Volunteers
- 36
- Highest pay
- $251,907, ceo
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 90 out of 100. Higher than 77% of charities in its peer group (community improvement, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 49.1 months of spending.
Debt
10 of 20It owes 50% of what it owns.
Living within its means
15 of 15Income exceeded spending by 69% of income.
Income trend
15 of 15Income rose 42% on the year before.
Spending floor
15 of 1566% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 68% of charities in its peer group (community improvement, $1m to $10m).
Independent board
25 of 2518 of 18 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.2 million spent. In October 2020, recognizing the increasing pressures of rising real estate prices on affordability, equity, and the City's iconic venues and small businesses, the City of Austin created the Austin Economic Development Corporation. AEDC is a Public Real Estate Developer, working for purpose instead of profits. AEDC can speed the pace of the public response to decreasing affordability and equity by moving at the pace of the market to blend the best of public and private deal-making. AEDC is actively advancing a portfolio of projects now valued at approximately $152.2 million, providing an estimated 277,500 square feet of affordable housing, cultural, and commercial space. Investments on East 11th Street will spur increased activity within the Black Cultural District, supportive of building and retaining culture, small businesses, and residents that represent the historic legacy. Additionally, negotiating 10 of the Cultural Trust deals to advance feasible projects, including three being announced publicly. In June 2024, AEDC rebranded as Rally Austin to better reflect its mission and community-driven focus. Organizational documents, including bylaws and board meeting minutes, are now available at rallyaustin.org. Investments on East 11th Street will spur increased activity within the Black Cultural District, supportive of building and retaining culture, small businesses, and residents that represent the historic legacy. Additionally, negotiating 10 of the Cultural Trust deals to advance feasible projects, including three being announced publicly. In June 2024, AEDC rebranded as Rally Austin to better reflect its mission and community-driven focus. Organizational documents, including bylaws and board meeting minutes, are now available at rallyaustin.org.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.