El Paseo Arts Foundation

Analysis

El Paseo Arts Foundation is a registered charity in United States, based in Port Isabel, 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 June 2024, El Paseo Arts Foundation reported income of $92k and spending of $77k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $124k to $92k (-26%), an average of -26% a year. The sharpest change came in the year to June 2024, when income dropped by 26%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, El Paseo Arts Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Arisia Incorporated ($92k), Keys to Life ($92k) and Ghostlight Theatre Ensemble ($92k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $246k against liabilities of $0, net assets of $246k.