Texas Supremacy of Music & Arts Conservatory

Analysis

Texas Supremacy of Music & Arts Conservatory is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Texas Supremacy of Music & Arts Conservatory reported income of $193k and spending of $190k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $193k (+5.0%), an average of +5.0% a year. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Texas Supremacy of Music & Arts Conservatory sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include LHHS Cheer Booster Club ($193k), University of Florida ($193k) and Friends of CC Playing Fields ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.