Wamc

Analysis

Wamc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1992, 34 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 2024, Wamc reported income of $7.4m and spending of $8.1m, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $7.9m to $7.4m (-6.0%), an average of -1.2% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wamc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include International African American Museum ($7.4m), Philos Project Inc ($7.5m) and Adventure Science Center Nashville ($7.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $130k (1.6% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $12.8m against liabilities of $3.2m, net assets of $9.6m. It reported 59 employees.