A Texas Turn or Two Inc

Analysis

A Texas Turn or Two Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, A Texas Turn or Two Inc reported income of $167k and spending of $170k, spending 102% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $192k to $167k (-13%), an average of -6.6% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, A Texas Turn or Two Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include International Monster Truck Museum and Hall of Fame Incorporated ($167k), Jcfilms Studio Inc ($167k) and Amherst Downtown & Betterment Association ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 92% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.