Art Spark Texas

Analysis

Art Spark Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Art Spark Texas reported income of $530k and spending of $493k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $391k to $530k (+35%), an average of +7.9% a year. The sharpest change came in the year to September 2021, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Art Spark Texas sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Bargain Store ($530k), Bob Perks Cancer Assistance Fund ($530k) and City of Refuge Goodlife Foundation ($530k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $61k (12% of expenses). Other salaries and wages came to $184k. At year end it held assets of $212k against liabilities of $27k, net assets of $185k. It reported 10 employees.