North Texas Business Council for the Arts

Analysis

North Texas Business Council for the Arts is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 1988, 38 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, North Texas Business Council for the Arts reported income of $759k and spending of $779k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $452k to $759k (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Texas Business Council for the Arts sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include The W O W Project Inc ($759k), Friends of the Cumbres & Toltec ($760k) and Roanoke Cultural Endowment ($759k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $128k (16% of expenses). Other salaries and wages came to $273k. At year end it held assets of $572k against liabilities of $98k, net assets of $474k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.