Texas Art Education Inc

Analysis

Texas Art Education Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1984, 42 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 July 2023, Texas Art Education Inc reported income of $1.3m and spending of $1.3m, spending 103% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.3m to $1.3m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to July 2022, when income rose by 50%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Art Education Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Mars Hill Broadcasting Co Inc ($1.3m), Indigo Arts Alliance ($1.3m) and Black in Marine Science ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $53k (4.0% of expenses). At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.