Texas Music Project Inc

Analysis

Texas Music Project Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2003, 23 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, Texas Music Project Inc reported income of $93k and spending of $118k, spending 127% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $120k to $93k (-23%), an average of -8.2% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Music Project Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Emmet County Historical Society ($93k), State Ballet of Rhode Island ($93k) and Selby Avenue Jazzfest ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $25k, net assets of $35k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.