PS Foundation for the Arts

Analysis

PS Foundation for the Arts is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, PS Foundation for the Arts reported income of $86k and spending of $128k, spending 149% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $108k to $86k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, PS Foundation for the Arts sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include NC STEM Academy ($86k), Blue Star Salute Foundation Inc ($86k) and Berkshire Childrens Chorus Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.