Highland Lakes Creative Arts

Analysis

Highland Lakes Creative Arts is a registered charity in United States, based in Horseshoe Bay, TX. It received its IRS tax-exemption ruling in August 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, Highland Lakes Creative Arts reported income of $160k and spending of $164k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $65k to $160k (+147%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Highland Lakes Creative Arts sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Base ($160k), Mid-Columbia Arts Fundraisers ($160k) and Blue Mountains Projects Inc 1617 3rd Ave ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.