Willinet Inc

Analysis

Willinet Inc is a registered charity in United States, based in Williamstown, MA. It received its IRS tax-exemption ruling in November 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Willinet Inc reported income of $154k and spending of $210k, spending 137% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $253k to $154k (-39%), an average of -15% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Willinet Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Music Teachers Association of California Foundation ($154k), Key West Art Center Inc ($154k) and Texas City Historical Preservationcorporation ($154k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $250k against liabilities of $11k, net assets of $238k.