Watercolor Art Society-Houston

Analysis

Watercolor Art Society-Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1977, 49 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 May 2024, Watercolor Art Society-Houston reported income of $280k and spending of $303k, spending 108% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income fell from $348k to $280k (-20%), an average of -4.3% a year. The sharpest change came in the year to May 2020, when income dropped by 38%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watercolor Art Society-Houston sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Ecological Building Network ($279k), Chopin Theatre Productions NFP ($280k) and Milwaukee Arts Partners Corporation ($279k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $783k against liabilities of $2,783, net assets of $780k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.