Projectart Wimberley

Analysis

Projectart Wimberley is a registered charity in United States, based in Wimberley, TX. It received its IRS tax-exemption ruling in February 2020, 6 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, Projectart Wimberley reported income of $69k and spending of $73k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $69k (-13%), an average of -14% a year. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Projectart Wimberley sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Antigo Music Association Inc ($69k), Emmaus Historical Society ($69k) and Vyshyvanka ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.