Young Texas Artists Inc

Analysis

Young Texas Artists Inc is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in April 2017, 9 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 June 2023, Young Texas Artists Inc reported income of $347k and spending of $340k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $218k to $347k (+59%), an average of +59% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young Texas Artists Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($347k), Bent County Historical Society ($347k) and Rebecca Penneys Friends of Piano Inc ($347k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 107% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $44k (13% of expenses). Other salaries and wages came to $56k. At year end it held assets of $42k against liabilities of $4,583, net assets of $37k. It reported 3 employees.