Texas Academy of Fine Art

Analysis

Texas Academy of Fine Art is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Academy of Fine Art reported income of $116k and spending of $145k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $165k to $116k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Academy of Fine Art sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Mahwah High School Home & School Association Inc ($116k), Let Our Voices Empower Inc ($116k) and Steward Foundation Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.