Citadelle Art Foundation

Analysis

Citadelle Art Foundation is a registered charity in United States, based in Canadian, TX. It received its IRS tax-exemption ruling in June 2015, 11 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Citadelle Art Foundation reported income of $694k and spending of $601k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $629k to $694k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Citadelle Art Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Science Museum of Western Virginia ($694k), Charlotte County Art Guild Inc ($694k) and Apex Art Curatorial Program Inc ($694k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Other salaries and wages came to $166k. At year end it held assets of $13.5m against liabilities of $3,857, net assets of $13.5m. It reported 9 employees.