Arts Wayland Foundation Inc

Analysis

Arts Wayland Foundation Inc is a registered charity in United States, based in Wayland, MA. It received its IRS tax-exemption ruling in March 1981, 45 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 June 2024, Arts Wayland Foundation Inc reported income of $64k and spending of $47k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $83k to $64k (-23%), an average of -23% a year. The sharpest change came in the year to June 2024, when income dropped by 23%. Over the whole period it spent 66% 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 Wayland Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Graceway Chinese-English Christian Academy ($64k), Ldi Booster Club ($64k) and Voices in Praise Inc ($64k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 37% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.