Texas Center for Arts-Academics

Analysis

Texas Center for Arts-Academics is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 1959, 67 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 August 2023, Texas Center for Arts-Academics reported income of $10.7m and spending of $10.6m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.6m to $10.7m (+26%), an average of +5.9% a year. The sharpest change came in the year to August 2022, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Center for Arts-Academics sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include United States Artists Inc ($10.7m), Pacific Public Media ($10.8m) and Sterling & Francine Clark Art Inst ($10.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $305k (2.9% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $12.8m against liabilities of $3.0m, net assets of $9.9m. It reported 257 employees.