Watercolor Art Society-houston is a 501(c)(3) organization based in Houston, Texas, registered in 1977, with $279,584 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$280K
▲ 2.8% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$303K
Net assets
$780K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Watercolor Art Society-houston— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Watercolor Art Society-houston: 31 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Watercolor Art Society-houston— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Watercolor Art Society-houston: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $164K (FY2013) to $280K (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-8.3%
Spent more than it raised in the latest fiscal year.
Total assets
$783K
Total liabilities
$2,783
Net assets
$780K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $279,584▲2.8% | $302,858▲11.0% | $779,863▼2.9% | $782,646▼2.8% | 990 |
| 2022 | $271,838▲9.9% | $272,885▲4.9% | $803,137▼0.1% | $805,372 | 990 |
| 2021 | $247,278▲29.7% | $260,228▲20.8% | $804,072▼1.4% | $805,515▼1.3% | 990 |
| 2020 | $190,684▼11.9% | $215,392▼6.1% | $815,363▼2.9% | $816,082▼2.9% | 990 |
| 2019 | $216,394▼37.7% | $229,313▼34.0% | $840,071▼11.6% | $840,063▼12.3% | 990 |
| 2018 | $347,606▲27.5% | $347,313▲29.3% | $950,430 | $957,846 | 990 |
| 2017 | $272,678▼0.6% | $268,691▼4.0% | $950,137▲0.3% | $957,461▲0.3% | 990 |
| 2016 | $274,249▼0.4% | $279,881▲10.3% | $947,150▲1.0% | $954,566▲1.0% | 990 |
| 2015 | $275,456▲39.4% | $253,775▲17.2% | $937,639▲6.0% | $945,401▲6.1% | 990 |
| 2014 | $197,552▲20.3% | $216,460▲22.4% | $884,236▼1.0% | $891,251▼1.0% | 990 |
| 2013 | $164,169 | $176,802▲0.2% | $893,335▼4.5% | $900,355▼3.9% | 990 |
| 2010 | — | $176,537 | $935,857 | $936,702 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
9 grants to Watercolor Art Society-houston totaling $80K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Communities Foundation of Texas | This grant is designated for general support. | 2024 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2023 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2021 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2020 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2020 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2019 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. no benefits to be received from this grant. | 2018 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2017 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. no benefits to be received fro | 2016 | $450 |
Explore more
Data for Watercolor Art Society-houston (EIN 23-7451855) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.