Humanities Texas

Analysis

Humanities Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 1988, 38 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 October 2023, Humanities Texas reported income of $4.3m and spending of $3.8m, spending 87% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $3.5m to $4.3m (+22%), an average of +5.1% a year. The sharpest change came in the year to October 2022, when income rose by 65%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Humanities Texas sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Brooklyn Arts Council ($4.3m), Americas Freedom Festival Inc ($4.3m) and Delaware College of Art and Design ($4.3m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 96% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $237k (6.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $9.9m against liabilities of $255k, net assets of $9.6m. It reported 26 employees.