Culture Arts Initiative Inc

Analysis

Culture Arts Initiative Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2014, 12 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, Culture Arts Initiative Inc reported income of $359k and spending of $401k, spending 111% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $864 to $359k (+41496%), an average of +646% a year. The sharpest change came in the year to December 2021, when income rose by 35796%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Culture Arts Initiative Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Artichoke Community Music ($359k), Florence Symphony Orchestra ($359k) and Charlotte Players Inc ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $344k against liabilities of $0, net assets of $344k.