The Center for Photography at Woodstock Inc

Analysis

The Center for Photography at Woodstock Inc is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in April 1978, 48 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Center for Photography at Woodstock Inc reported income of $1.7m and spending of $1.1m, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $288k to $1.7m (+486%), an average of +56% a year. The sharpest change came in the year to September 2022, when income rose by 277%. Over the whole period it spent 62% 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 Center for Photography at Woodstock Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Serenbe Art Farm for Arts and Education Corporation ($1.7m), Artopolis Development ($1.7m) and Ridgefield Historical Society ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $133k (12% of expenses). Other salaries and wages came to $270k. At year end it held assets of $3.5m against liabilities of $1.6m, net assets of $1.9m. It reported 11 employees.