Wingspan Arts Inc

Analysis

Wingspan Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Wingspan Arts Inc reported income of $56k and spending of $246k, spending 439% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.0m to $56k (-99%), an average of -66% a year. The sharpest change came in the year to August 2023, when income dropped by 96%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wingspan Arts Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Asian and Pacific Islander Community Coalition of Oregon ($56k), Union County Youth Ballet ($56k) and Bedford Village Chowder and Marching Club Inc ($56k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. At year end it held assets of $57k against liabilities of $3,332, net assets of $53k.