Woodstock Artists Association Inc

Analysis

Woodstock Artists Association Inc is a registered charity in United States, based in Woodstock, NY. It received its IRS tax-exemption ruling in January 1956, 70 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, Woodstock Artists Association Inc reported income of $442k and spending of $377k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $367k to $442k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Woodstock Artists Association Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Seattle Jazz Orchestra ($442k), Los Angeles Art Association ($442k) and Somerset Union Museum ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 18% of the total. Other salaries and wages came to $216k. At year end it held assets of $4.1m against liabilities of $9,757, net assets of $4.1m. It reported 7 employees.