Rec Room Arts

Analysis

Rec Room Arts is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rec Room Arts reported income of $214k and spending of $180k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $214k (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rec Room Arts sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Geneva Music Festival Inc ($214k), Childrens Storybook Garden & Museum ($214k) and Black Label Movement ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.