Navarro Council of the Arts Inc

Analysis

Navarro Council of the Arts Inc is a registered charity in United States, based in Corsicana, TX. It received its IRS tax-exemption ruling in August 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, Navarro Council of the Arts Inc reported income of $333k and spending of $311k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $256k to $333k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Navarro Council of the Arts Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Ann Arbor Street Art Fair Inc ($333k), Folsom Cultural Center ($333k) and Salem County Historical Society ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $80k. At year end it held assets of $58k against liabilities of $1,635, net assets of $56k. It reported 1 employees.