Wayne Art Center

Analysis

Wayne Art Center is a registered charity in United States, based in Wayne, PA. It received its IRS tax-exemption ruling in October 1955, 71 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 June 2023, Wayne Art Center reported income of $2.7m and spending of $2.2m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wayne Art Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Native American Finance Officers Association Inc ($2.7m), Barrier Island Group for the Arts ($2.7m) and Reinstitute Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $159k (7.4% of expenses). It paid $16k in professional fundraising fees. At year end it held assets of $6.2m against liabilities of $1.3m, net assets of $4.9m.