Waxahachie Arts Council Inc

Analysis

Waxahachie Arts Council Inc is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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, Waxahachie Arts Council Inc reported income of $247k and spending of $262k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $249k to $247k (-0.6%), an average of -0.2% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waxahachie Arts Council Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Noble Schoolhouse Corporation ($247k), Violin Society of America ($247k) and Cypress Woodlands Junior Forum ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.