Wichita Falls Art Association

Analysis

Wichita Falls Art Association is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in September 2007, 19 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, Wichita Falls Art Association reported income of $82k and spending of $69k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $64k to $82k (+28%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wichita Falls Art Association sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Imahe ($82k), Corporacion G D & E Orfeon San Juan Bautista ($82k) and Spokane Potters Guild ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.