Denison Arts Council

Analysis

Denison Arts Council is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Denison Arts Council reported income of $137k and spending of $125k, spending 91% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $65k to $137k (+112%), an average of +28% a year. The sharpest change came in the year to September 2023, when income rose by 150%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Denison Arts Council sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Odd Fellows Faith Hope and Charity Fund Inc ($137k), Broward Moms Incorporated ($137k) and Southern California Fukinese Assoc ($137k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.