Greater Denton Arts Council Inc

Analysis

Greater Denton Arts Council Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in April 1971, 55 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, Greater Denton Arts Council Inc reported income of $352k and spending of $497k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $375k to $352k (-6.3%), an average of -1.6% a year. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Denton Arts Council Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Georgia Boy Choir Inc ($352k), Dakshini Bengali Association of California ($352k) and Morris Jumel Mansion Inc ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $71k (14% of expenses). Other salaries and wages came to $169k. At year end it held assets of $1.5m against liabilities of $9,462, net assets of $1.5m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.