Arcos Foundation for the Arts Inc

Analysis

Arcos Foundation for the Arts Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2013, 13 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 December 2023, Arcos Foundation for the Arts Inc reported income of $70k and spending of $67k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $97k to $70k (-28%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arcos Foundation for the Arts Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Texas Toot Inc ($70k), Coordinating Council of Broward Inc ($70k) and Windthorst Heritage Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.