Six Square - Austins Black Cultural District

Analysis

Six Square - Austins Black Cultural District is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2017, 9 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, Six Square - Austins Black Cultural District reported income of $525k and spending of $579k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $536k to $525k (-2.2%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Six Square - Austins Black Cultural District sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Prelude Music Foundation ($525k), American Police Hall of Fame & Museum Inc ($525k) and Museum of Dinosaurs and Ancient Cultures Inc ($525k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $92k (16% of expenses). Other salaries and wages came to $130k. At year end it held assets of $326k against liabilities of $0, net assets of $326k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.