Frisco Association for the Arts

Analysis

Frisco Association for the Arts is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in December 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Frisco Association for the Arts reported income of $546k and spending of $501k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $387k to $546k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 226%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frisco Association for the Arts sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Atlanta Press Club Inc ($546k), Hingham Community Access and Media Corporation ($546k) and Dance Project of Washington Heights Inc ($545k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.