Arts Connect Houston

Analysis

Arts Connect Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arts Connect Houston reported income of $652k and spending of $529k, spending 81% of its income. Across the 4 years on record, from December 2020 to June 2023, income fell from $2.1m to $652k (-70%), an average of -33% a year. The sharpest change came in the year to December 2022, when income rose by 388%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Connect Houston sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include The Valley Economic Alliance ($652k), Chicago Avenue Fire Arts Center ($652k) and Southold Dance Theater Inc ($652k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $59k (11% of expenses). Other salaries and wages came to $83k. It paid $36k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $856k, net assets of $1.1m.