International Porcelain Artists and Teachers Inc

Analysis

International Porcelain Artists and Teachers Inc is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in December 1968, 58 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 December 2023, International Porcelain Artists and Teachers Inc reported income of $90k and spending of $104k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $109k to $90k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Porcelain Artists and Teachers Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Washington Historical Society ($90k), Milan Village Arts School Inc ($90k) and Music Academy Foundation ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 12% of the total. Other salaries and wages came to $29k. At year end it held assets of $838k against liabilities of $1,819, net assets of $836k. It reported 1 employees.