Texans for the Arts Foundation

Analysis

Texans for the Arts Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 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 October 2023, Texans for the Arts Foundation reported income of $146k and spending of $155k, spending 107% of what it took in. Across the 4 years on record, from October 2019 to October 2023, income fell from $228k to $146k (-36%), an average of -14% a year. The sharpest change came in the year to October 2023, when income rose by 521%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texans for the Arts Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Historic Madison Inc ($146k), Port Columbus Civil War Naval Center Inc ($146k) and High Valley Arts Foundation ($146k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.