American Festival for the Arts

Analysis

American Festival for the Arts is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1995, 31 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 July 2023, American Festival for the Arts reported income of $761k and spending of $785k, spending 103% of its income. Across the 4 years on record, from July 2019 to July 2023, income grew from $706k to $761k (+7.7%), an average of +2.5% a year. The sharpest change came in the year to July 2022, when income rose by 20%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Festival for the Arts sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Access Afterschool ($761k), Bulk Space ($761k) and Illinois State Museum Society Museum Building ($760k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 52% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $89k (11% of expenses). Other salaries and wages came to $190k. At year end it held assets of $594k against liabilities of $0, net assets of $594k. It reported 4 employees.