Texas Sandfest

Analysis

Texas Sandfest is a registered charity in United States, based in Port Aransas, TX. It received its IRS tax-exemption ruling in March 2016, 10 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 June 2022, Texas Sandfest reported income of $1.8m and spending of $1.6m, spending 90% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $185k to $1.8m (+884%), an average of +214% a year. The sharpest change came in the year to June 2022, when income rose by 924%. 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, Texas Sandfest sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Bainbridge Island Parks & Trails Foundation ($1.8m), 626 Landmark Foundation ($1.8m) and The Picture House Regional Film Center Inc ($1.8m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $36k. At year end it held assets of $387k against liabilities of $1,940, net assets of $385k. It reported 1 employees.