Edison Arts Foundation Inc

Analysis

Edison Arts Foundation Inc is a registered charity in United States, based in Missouri City, TX. It received its IRS tax-exemption ruling in May 2016, 10 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, Edison Arts Foundation Inc reported income of $961k and spending of $634k, leaving 34% of income unspent that year. Across the 6 years on record, from December 2017 to December 2023, income grew from $132k to $961k (+627%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 1529%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Edison Arts Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Merced Theatre Foundation Inc ($961k), Wisconsin Academy of Sciences Arts & Letters ($961k) and Curious Theatre Company ($960k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.2% of the total. At year end it held assets of $10.5m against liabilities of $5.7m, net assets of $4.7m.