Woodlands Waterway Arts Council Inc

Analysis

Woodlands Waterway Arts Council Inc is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in September 2005, 21 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 July 2024, Woodlands Waterway Arts Council Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $596k to $1.2m (+94%), an average of +14% a year. The sharpest change came in the year to July 2021, when income rose by 2374%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Woodlands Waterway Arts Council 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 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Hawaii Performing Arts Company Ltd ($1.2m), Transart and Cultural Services Inc ($1.2m) and Bakersfield Symphony Orchestra Inc ($1.2m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 21% and program service revenue 76% of the total. Other salaries and wages came to $217k. At year end it held assets of $1.0m against liabilities of $270k, net assets of $740k. It reported 3 employees.