Daphne Art Foundation

Analysis

Daphne Art Foundation is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Daphne Art Foundation reported income of $267k and spending of $174k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $301k to $267k (-11%), an average of -11% a year. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Daphne Art Foundation 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 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Hopmeadow Nursery School Inc ($267k), Lunenburg County Public Library System Incorporated ($267k) and Contact-Referral Center for Human Resources ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 0.6% of the total. Other salaries and wages came to $81k. At year end it held assets of $265k against liabilities of $14k, net assets of $251k. It reported 2 employees.