Works and Process Inc

Analysis

Works and Process Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1991, 35 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 December 2023, Works and Process Inc reported income of $1.8m and spending of $2.0m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Works and Process Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Mineralogical Society of America ($1.8m), Studio East Training for the Performing Arts ($1.8m) and Culture House ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $186k (9.2% of expenses). Other salaries and wages came to $135k. It paid $42k in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $83k, net assets of $2.5m. It reported 4 employees.