Art Colony Association Inc

Analysis

Art Colony Association Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2002, 24 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, Art Colony Association Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 254%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Colony Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include So Oh Shinali Sister Project ($1.2m), Honolulu Festival Foundation ($1.2m) and National Desert Storm Memorial ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $99k (7.9% of expenses). Other salaries and wages came to $51k. At year end it held assets of $419k against liabilities of $20k, net assets of $399k. It reported 3 employees.