Austin Visual Arts Association

Analysis

Austin Visual Arts Association is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 1978, 48 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, Austin Visual Arts Association reported income of $118k and spending of $93k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $118k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Visual Arts Association sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Dreamstreet Theatre Company Inc ($118k), Loiloa ($118k) and National Society of the Colonial Dames of America in Tenn ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $50k against liabilities of $4,718, net assets of $45k.