New Braunfels Art League

Analysis

New Braunfels Art League is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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 December 2023, New Braunfels Art League reported income of $270k and spending of $224k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $270k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Braunfels Art League sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Little Disciples Christian Childcare Inc ($270k), Richmond Area Arts Council Inc ($270k) and Little League Baseball Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 72% of the total. At year end it held assets of $600k against liabilities of $24k, net assets of $576k.