Arts on Tap Inc

Analysis

Arts on Tap Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in October 1992, 34 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Arts on Tap Inc reported income of $198k and spending of $168k, spending 85% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $179k to $198k (+11%), an average of +11% a year. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts on Tap Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Ateneo Dominicano de Nueva Inglaterra ($198k), Theatre Consortium of Silver Spring ($198k) and Gallery Night of Pensacola Inc ($198k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 56% and program service revenue 34% of the total. At year end it held assets of $77k against liabilities of $345, net assets of $77k.