South Texas Institute for the Arts

Analysis

South Texas Institute for the Arts is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in June 1957, 69 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Texas Institute for the Arts reported income of $2.6m and spending of $2.8m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.6m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Texas Institute for the Arts sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Florida Cultural Group Inc ($2.6m), White Ash Broadcasting Inc ($2.6m) and Armory Arts and Music Center ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 13% of the total. At year end it held assets of $12.3m against liabilities of $737k, net assets of $11.6m.