Amarillo Art Center Association

Analysis

Amarillo Art Center Association is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in November 1969, 57 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 August 2023, Amarillo Art Center Association reported income of $597k and spending of $595k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $756k to $597k (-21%), an average of -5.7% a year. The sharpest change came in the year to August 2022, when income rose by 45%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Amarillo Art Center Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Kimokeo Foundation ($597k), The Art Center of Western Colorado ($597k) and Active Aging Publishing Inc ($597k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 42% and program service revenue 4.6% of the total. Other salaries and wages came to $232k. At year end it held assets of $3.6m against liabilities of $193k, net assets of $3.4m. It reported 11 employees.