Generations Institute for the Creative Arts

Analysis

Generations Institute for the Creative Arts is a registered charity in United States, based in Duncanville, TX. It received its IRS tax-exemption ruling in November 2022, 4 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, Generations Institute for the Creative Arts reported income of $79k and spending of $90k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $79k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Generations Institute for the Creative Arts sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Brazilian Cultural Institute ($79k), Dale County Performing Arts Council ($79k) and Unbound Visual Arts ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.