Friends of the Governors Mansion

Analysis

Friends of the Governors Mansion is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 1980, 46 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, Friends of the Governors Mansion reported income of $1.2m and spending of $327k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $733k to $1.2m (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Governors Mansion sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Dumbarton Arts and Education Inc ($1.2m), Virginia Business Higher Education Council ($1.2m) and Bronx Childrens Museum ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $100k (31% of expenses). At year end it held assets of $8.6m against liabilities of $12k, net assets of $8.5m. It reported 1 employees.