BTX Art League

Analysis

BTX Art League is a registered charity in United States, based in Harlingen, TX. It received its IRS tax-exemption ruling in September 1967, 59 years ago. 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, BTX Art League reported income of $671k and spending of $561k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $671k (+128%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, BTX Art League sits at the 73rd percentile: it is larger than about 72% 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 Lakeside Qru Inc ($671k), Ridgefield Veterans Memorial Community Association Inc ($671k) and Big Brothers Big Sisters of the Inland Northwest ($671k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $61k (11% of expenses). Other salaries and wages came to $41k. At year end it held assets of $1.9m against liabilities of $334k, net assets of $1.6m. It reported 3 employees.