Georgetown Art Works

Analysis

Georgetown Art Works is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in January 2009, 17 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 December 2023, Georgetown Art Works reported income of $76k and spending of $83k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $110k to $76k (-31%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. 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, Georgetown Art Works sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Lake States Railway Historical Association Inc ($76k), Valley Youth Orchestra ($76k) and Formula Automotive Museum ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 31% of the total. At year end it held assets of $92k against liabilities of $6,255, net assets of $85k.