Warwick Center for the Arts Inc

Analysis

Warwick Center for the Arts Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in February 1976, 50 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 May 2023, Warwick Center for the Arts Inc reported income of $109k and spending of $123k, spending 113% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $215k to $109k (-49%), an average of -16% a year. The sharpest change came in the year to May 2020, when income dropped by 68%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Warwick Center for the Arts Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 34th percentile within RI. Charities of a similar size with the same main cause include Ballet America ($109k), Unaff ($109k) and Youth Symphony of du Page Inc ($109k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $43k. At year end it held assets of $322k against liabilities of $479, net assets of $321k. It reported 6 employees.