Wax Factory Inc

Analysis

Wax Factory Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2002, 24 years ago. 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 December 2023, Wax Factory Inc reported income of $139k and spending of $181k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $139k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wax Factory 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 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include James Memorial Preservation Society Ltd ($139k), Westl Michigan Premier FC ($139k) and Your Best Pathway to Health ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $13k against liabilities of $46k, net assets of -$33k.