Cyt Dallas-Fort Worth Inc

Analysis

Cyt Dallas-Fort Worth Inc is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in September 2016, 10 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 June 2023, Cyt Dallas-Fort Worth Inc reported income of $676k and spending of $590k, spending 87% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $233k to $676k (+190%), an average of +70% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cyt Dallas-Fort Worth Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Port Angeles Fine Arts Center Foundation ($676k), Art & Drama Centre Theatre ($676k) and Barre Opera House Inc ($676k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $76k (13% of expenses). Other salaries and wages came to $85k. At year end it held assets of $203k against liabilities of $55k, net assets of $148k. It reported 2 employees.