The Workmens Circle Arbeter Ring Incorporated

Analysis

The Workmens Circle Arbeter Ring Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1965, 61 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 December 2023, The Workmens Circle Arbeter Ring Incorporated reported income of $3.4m and spending of $4.4m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.4m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 938%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Workmens Circle Arbeter Ring Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Foothills Art Center Inc ($3.4m), Paramount Theater of Charlottesville Inc ($3.4m) and Panhandle-Plains Historical Society ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $636k (15% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $35.4m against liabilities of $1.9m, net assets of $33.5m. It reported 48 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.