Writers Guild of America East Foundation Inc

Analysis

Writers Guild of America East Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1978, 48 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 2023, Writers Guild of America East Foundation Inc reported income of $237k and spending of $224k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $272k to $237k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Writers Guild of America East Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Secondstory Repertory ($237k), Falls Area Community Television Inc ($237k) and Berean Community Center Inc ($237k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $59k (26% of expenses). Other salaries and wages came to $21k. At year end it held assets of $1.6m against liabilities of $74k, net assets of $1.6m.