Spicewood Arts Society

Analysis

Spicewood Arts Society is a registered charity in United States, based in Spicewood, TX. It received its IRS tax-exemption ruling in September 2000, 26 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 June 2023, Spicewood Arts Society reported income of $126k and spending of $103k, spending 82% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $65k to $126k (+92%), an average of +92% a year. The sharpest change came in the year to June 2023, when income rose by 92%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spicewood Arts Society sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Nebraska Firefighters Foundations ($126k), Symphony of Westchesters Inc ($126k) and Kennesaw Mountain High School Drama ($126k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.