Arts Council of Brownwood

Analysis

Arts Council of Brownwood is a registered charity in United States, based in Brownwood, TX. It received its IRS tax-exemption ruling in July 2014, 12 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, Arts Council of Brownwood reported income of $104k and spending of $88k, spending 84% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $98k to $104k (+7.0%), an average of +7.0% a year. Over the whole period it spent 89% 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 Brownwood sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Norfolk Society of Arts ($104k), River Arts Inc ($104k) and Walking Shadow Theater Company ($104k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.