Artpace Inc

Analysis

Artpace Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Artpace Inc reported income of $1.1m and spending of $1.5m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.1m (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artpace Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Waco Symphony Association Inc ($1.1m), Roots of Music Inc ($1.1m) and Lincoln Hills Cares Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $124k (8.3% of expenses). Other salaries and wages came to $552k. At year end it held assets of $5.5m against liabilities of $189k, net assets of $5.3m. It reported 14 employees.