Fisterra Projects

Analysis

Fisterra Projects is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2015, 11 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, Fisterra Projects reported income of $54k and spending of $38k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $54k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fisterra Projects sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Old Slater Mill Association ($54k), McKean County Historical Society ($54k) and Theatreworks of Northern Nevada ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.