Texas Filmmakers Corporation

Analysis

Texas Filmmakers Corporation is a registered charity in United States, based in Argyle, TX. It received its IRS tax-exemption ruling in November 2004, 22 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, Texas Filmmakers Corporation reported income of $108k and spending of $122k, spending 113% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $76k to $108k (+43%), an average of +43% a year. The sharpest change came in the year to August 2023, when income rose by 43%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Filmmakers Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Maritime Heritage Foundation of Beaufort North Carolina Inc ($108k), Performing Arts Journal Inc ($108k) and Latino Leadership Alliance ($108k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $23 against liabilities of $47k, net assets of -$47k.