Wichita Falls Alliance For Arts & Culture is a 501(c)(3) organization based in Wichita Falls, Texas, registered in 2015, with $431,911 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$432K
▼ 47.1% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$560K
Net assets
$61K
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 Wichita Falls Alliance For Arts & Culture— 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 Wichita Falls Alliance For Arts & Culture: 1 mo reserves · -30% margin earns a D 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 Wichita Falls Alliance For Arts & Culture— 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 Wichita Falls Alliance For Arts & Culture: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $502K (FY2019) to $432K (FY2024) across 6 reported years.
Financial snapshot
Operating margin
-29.6%
Spent more than it raised in the latest fiscal year.
Total assets
$64K
Total liabilities
$2,469
Net assets
$61K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $431,911▼47.1% | $559,927▼16.9% | $61,086▼67.7% | $63,555▼70.3% | 990 |
| 2023 | $816,494▲45.0% | $673,684▲11.3% | $189,102▲308% | $214,152▼38.7% | 990 |
| 2022 | $563,040▲13.1% | $605,049▲33.7% | $46,292▼47.6% | $349,218▲289% | 990 |
| 2021 | $497,791▲12.5% | $452,616▼1.8% | $88,299▲105% | $89,665▲86.6% | 990 |
| 2020 | $442,324▼11.8% | $460,768▼10.3% | $43,123▼30.0% | $48,045▼26.9% | 990 |
| 2019 | $501,762 | $513,660 | $61,562 | $65,733 | 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.
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Data for Wichita Falls Alliance For Arts & Culture (EIN 47-3926205) 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.