Winnsboro Center for the Arts

Analysis

Winnsboro Center for the Arts is a registered charity in United States, based in Winnsboro, TX. It received its IRS tax-exemption ruling in March 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 (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, Winnsboro Center for the Arts reported income of $893k and spending of $306k, leaving 66% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $276k to $893k (+224%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Winnsboro Center for the Arts sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Verge Center for the Arts ($893k), Dobama Theatre Inc ($893k) and Chesapeake Tri-Association Inc ($893k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 19% of the total. Other salaries and wages came to $58k. At year end it held assets of $1.4m against liabilities of $93k, net assets of $1.3m. It reported 4 employees.