Texarkana Regional Arts & Humanities Council Inc

Analysis

Texarkana Regional Arts & Humanities Council Inc is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in June 1978, 48 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, Texarkana Regional Arts & Humanities Council Inc reported income of $729k and spending of $723k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.5m to $729k (-51%), an average of -16% a year. The sharpest change came in the year to August 2022, when income dropped by 40%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texarkana Regional Arts & Humanities Council Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Bessie Smith Cultural Center African American Museum & ($729k), Memphis Artists for Change ($729k) and Phil Clef Club of the Performing Arts Inc ($728k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $50k (6.9% of expenses). Other salaries and wages came to $264k. At year end it held assets of $716k against liabilities of $18k, net assets of $698k. It reported 19 employees.