Arts Council of Northeast Tarrant County

Analysis

Arts Council of Northeast Tarrant County is a registered charity in United States, based in Bedford, TX. It received its IRS tax-exemption ruling in March 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 December 2023, Arts Council of Northeast Tarrant County reported income of $139k and spending of $148k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $226k to $139k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council of Northeast Tarrant County sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Arts Enrichment for All Inc ($138k), Farm Arts Collective Inc ($139k) and Seconds New Vision and Outreach Ministries ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $70k against liabilities of $46k, net assets of $24k. It reported 1 employees.