North Texas Colorguard Association

Analysis

North Texas Colorguard Association is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in March 2007, 19 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 May 2023, North Texas Colorguard Association reported income of $281k and spending of $280k, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $217k to $281k (+30%), an average of +6.7% a year. The sharpest change came in the year to May 2023, when income rose by 65%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Texas Colorguard Association sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Dripping Springs Band Boosters Inc ($281k), Performing Arts Collective Alliance ($281k) and Blue Deer Center ($281k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.