Austinites Annual Charitable Donations Revealed: Average $6,249 per tax payer

 

Do you earn $50,000 or more?  Itemized tax returns of U.S. Citizens earning $50,000 or more were examined to determine giving habits in the 50 largest U.S. cities.

This data represents almost 80 percent of all individual charitable contributions and offers the best possible view into charitable giving in distinct metropolitan areas.

A breakdown of top Texas cities:

Austin Metro area

Population: 1.9 Million

Average annual charitable donation: $6,249

Percent of income donated to charity:  3.0%

San Antonio Metro area

Population: 2.3 Million

Average annual charitable donation: $6,576

Percent of income donated to charity:  3.8%

Houston Metro area

Population: 6.3 Million

Average annual charitable donation: $7,949

Percent of income donated to charity:  3.7%

Dallas Metro area

Population:6.8 Million

Average annual charitable donation: $7,626

Percent of income donated to charity:  3.8%

Although the report benchmarks Austin against the top largest 50 cities in the United States, it is important to note that Texas is unique as the percentage of Texans who itemize on their tax return may be lower.

Lisa Rodman, President, Rodman & Associates, explains, “Texans, who may be giving generously, would not be reflected in this study if they did not itemize on their tax return.  As Texas does not have a State income tax, fewer residents may be itemizing.  And in Austin, where housing is especially expensive, those who do not purchase a home might not itemize to take advantage of the mortgage tax deduction either.”

“For most Americans, charitable giving is completely framed by their percent of discretionary income.  Austin’s high cost of living may, in the future, diminish the amount our citizens are able to support local charities.  This is something we continue to watch”.