Arts Council of Brazos Valley

Analysis

Arts Council of Brazos Valley is a registered charity in United States, based in College Sta, TX. It received its IRS tax-exemption ruling in January 1972, 54 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 September 2023, Arts Council of Brazos Valley reported income of $842k and spending of $993k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $842k (-44%), an average of -14% a year. The sharpest change came in the year to September 2021, when income dropped by 29%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council of Brazos Valley sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Remainders Creative Reuse Inc ($842k), Urbana Champaign Independent Media Center ($843k) and Friends of Yogi Inc ($842k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 5.1% of the total. Other salaries and wages came to $186k. At year end it held assets of $3.4m against liabilities of $824k, net assets of $2.5m. It reported 8 employees.

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.