Catharine Lorillard Wolf Art Club Inc

Analysis

Catharine Lorillard Wolf Art Club Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1966, 60 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 March 2024, Catharine Lorillard Wolf Art Club Inc reported income of $80k and spending of $84k, spending 105% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $81k to $80k (-1.4%), an average of -0.4% a year. The sharpest change came in the year to March 2022, when income rose by 110%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Catharine Lorillard Wolf Art Club Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Glendale Youth Orchestra ($80k), Leading Edge Productions Inc ($80k) and British-American Youth Festival Theatre Ltd ($80k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 42% and program service revenue 41% of the total. At year end it held assets of $230k against liabilities of $2,380, net assets of $227k.