Texas City Cultural Arts Foundation Inc

Analysis

Texas City Cultural Arts Foundation Inc is a registered charity in United States, based in Texas City, TX. It received its IRS tax-exemption ruling in June 2001, 25 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 September 2023, Texas City Cultural Arts Foundation Inc reported income of $158k and spending of $75k, leaving 52% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $58k to $158k (+174%), an average of +29% a year. The sharpest change came in the year to September 2022, when income rose by 153%. Over the whole period it spent 56% 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 City Cultural Arts Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Wilkes Playmakers Inc ($158k), Vashon Opera ($158k) and Watershed ($158k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 4.8% of the total. At year end it held assets of $738k against liabilities of $10k, net assets of $728k.