National Oil & Acrylic Painters Society

Analysis

National Oil & Acrylic Painters Society is a registered charity in United States, based in Montgomery, TX. It received its IRS tax-exemption ruling in May 1991, 35 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, National Oil & Acrylic Painters Society reported income of $196k and spending of $151k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $220k to $196k (-11%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Oil & Acrylic Painters Society sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Denver Firefighters Museum Inc ($196k), Akron Womans City Club ($196k) and Cloverdale Performing Arts Centerinc ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $335k against liabilities of $0, net assets of $335k.