Art Centre of Plano Inc

Analysis

Art Centre of Plano Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in July 1982, 44 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 September 2023, Art Centre of Plano Inc reported income of $427k and spending of $454k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $367k to $427k (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2022, when income rose by 64%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Centre of Plano Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Jones Day Foundation ($427k), Tompkins County Senior Citizens Council Inc ($427k) and Association of Former Intelligence Officers Inc ($426k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $86k (19% of expenses). Other salaries and wages came to $87k. At year end it held assets of $545k against liabilities of $4,404, net assets of $541k. It reported 1 employees.