Eastland Fine Arts Association

Analysis

Eastland Fine Arts Association is a registered charity in United States, based in Eastland, TX. It received its IRS tax-exemption ruling in June 1987, 39 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, Eastland Fine Arts Association reported income of $255k and spending of $222k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $235k to $255k (+8.5%), an average of +2.8% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eastland Fine Arts Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Lawson Boating Heritage Center on Chautauqua Lake ($255k), County Players Inc ($255k) and American Paint Horse Heritage Foundation Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 34% of the total. Other salaries and wages came to $71k. At year end it held assets of $501k against liabilities of $92k, net assets of $409k. It reported 4 employees.