Watchung Arts Council Inc

Analysis

Watchung Arts Council Inc is a registered charity in United States, based in Watchung, NJ. It received its IRS tax-exemption ruling in June 1980, 46 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Watchung Arts Council Inc reported income of $52k and spending of $54k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $84k to $52k (-38%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watchung Arts Council Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 27th percentile within NJ. Charities of a similar size with the same main cause include Pennsylvania Colony Historical Society of Nebraska ($52k), Southern California Indoor Volleyball Hall of Fame ($52k) and Friends of Master Gardeners of Santa Clara County ($52k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.