Marfa Open Arts is a private foundation focused on Arts, Culture & Humanities, based in Marfa, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $38K in total assets. In 2024, it made $42K in qualifying distributions.
Key facts about Marfa Open Arts
- EIN
- 87-3453507
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $38,356
Data from IRS Form 990-PF, 2024; updated April 2026.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$38K
-11.9% YoY
Revenue
$55K
+18.7% YoY
Qualifying Distributions
$42K
Expenses
$48K
+15.7% YoY
Under IRS private-foundation payout rules, Marfa Open Arts reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Marfa Open Arts
Based on IRS filings
Marfa Open Arts is a private foundation focused on Arts, Culture & Humanities, based in Marfa, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $38K in total assets. In 2024, it made $42K in qualifying distributions.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $38,356 | $43,556 | — |
| Revenue | $54,922 | $46,266 | $500 |
| Expenses | $48,141 | $41,613 | $500 |
| Qualifying Distributions | $42,141 | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,817 | $1,742 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Joseph Itz | President | 30 | — |
| Anna Masters | Treasurer | 30 | — |
| Kye Itz | Secretary | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Marfa Open Arts?
Marfa Open Arts is a private foundation focused on Arts, Culture & Humanities, based in Marfa, TX. It holds $38K in total assets as of 2024.
How large is Marfa Open Arts?
As of 2024, Marfa Open Arts holds $38K in total assets with $55K in annual revenue.
How much is Marfa Open Arts required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Marfa Open Arts reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Marfa Open Arts's EIN?
Marfa Open Arts's EIN (Employer Identification Number) is 87-3453507. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.