Wolf Performing Arts Center Inc

Analysis

Wolf Performing Arts Center Inc is a registered charity in United States, based in Bryn Mawr, PA. It received its IRS tax-exemption ruling in August 2006, 20 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, Wolf Performing Arts Center Inc reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $954k to $1.3m (+40%), an average of +12% a year. The sharpest change came in the year to August 2023, when income rose by 56%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wolf Performing Arts Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Weathervane Community Playhouse Inc ($1.3m), Tricycle Theater for Youth ($1.3m) and Swedish American Museum Association of Chicago ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $162k (12% of expenses). Other salaries and wages came to $598k. At year end it held assets of $1.1m against liabilities of $176k, net assets of $898k. It reported 79 employees.