American Tapestry Alliance Inc

Analysis

American Tapestry Alliance Inc is a registered charity in United States, based in Bartonville, TX. It received its IRS tax-exemption ruling in January 1996, 30 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 2024, American Tapestry Alliance Inc reported income of $60k and spending of $123k, spending 204% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $68k to $60k (-11%), an average of -11% a year. Over the whole period it spent 172% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Tapestry Alliance Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Dominion Arts Foundation ($60k), Edge of the Wilderness Discovery Center ($61k) and Appleton Historical Society Inc ($60k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 14% of the total. At year end it held assets of $225k against liabilities of $910, net assets of $224k.