Southwestern Watercolor Society

Analysis

Southwestern Watercolor Society is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1986, 40 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 May 2024, Southwestern Watercolor Society reported income of $98k and spending of $71k, leaving 28% of income unspent that year. Across the 3 years on record, from May 2020 to May 2024, income grew from $77k to $98k (+28%), an average of +13% a year. The sharpest change came in the year to May 2023, when income rose by 46%. 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, Southwestern Watercolor Society sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Wisconsin Chapter of the Government Finance Officers Association ($98k), Evanston Childrens Choir ($98k) and Natchitoches-Northwestern Symphony Society Inc ($98k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 31% and program service revenue 59% of the total. At year end it held assets of $159k against liabilities of $18k, net assets of $141k.