Texas Early Music Project

Analysis

Texas Early Music Project is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2006, 20 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 2021, Texas Early Music Project reported income of $173k and spending of $117k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2019 to December 2021, income fell from $237k to $173k (-27%), an average of -27% a year. The sharpest change came in the year to December 2021, when income dropped by 27%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Early Music Project sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Durango Playfest ($172k), International Chamber Artists ($173k) and Korean Culture Center of Dallas ($172k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $30k (25% of expenses). At year end it held assets of $218k against liabilities of $41k, net assets of $177k. It reported 4 employees.