Parker County Fine Arts Association

Analysis

Parker County Fine Arts Association is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in August 2003, 23 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, Parker County Fine Arts Association reported income of $121k and spending of $98k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $121k (+45%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Parker County Fine Arts Association sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Galveston Ballet Inc ($121k), Tryon Concert Association Inc ($121k) and Chestnut Avenue Center for the Arts Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 53% of the total. At year end it held assets of $241k against liabilities of $51k, net assets of $190k.