Art Guild of Fayetteville

Analysis

Art Guild of Fayetteville is a registered charity in United States, based in Fayetteville, TX. It received its IRS tax-exemption ruling in July 2004, 22 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 2022, Art Guild of Fayetteville reported income of $604k and spending of $593k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $538k to $604k (+12%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Guild of Fayetteville sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Christian Youth Theater -- Northidaho ($604k), Artists Working in Education Inc ($604k) and Cypress Creek Fine Art Association ($603k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 79% and program service revenue 11% of the total. Other salaries and wages came to $332k. At year end it held assets of $1.2m against liabilities of $12k, net assets of $1.2m. It reported 9 employees.