Wichita Falls Alliance for Arts & Culture

Analysis

Wichita Falls Alliance for Arts & Culture is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in November 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 (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, Wichita Falls Alliance for Arts & Culture reported income of $816k and spending of $674k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $502k to $816k (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wichita Falls Alliance for Arts & Culture sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Moab Music Festival Inc ($816k), Kansas Black Farmers Association Inc ($817k) and Mid-Atlantic Research Infrastructure Alliance ($816k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $62k (9.1% of expenses). At year end it held assets of $214k against liabilities of $25k, net assets of $189k. It reported 5 employees.