Wolf Trap Foundation for the Performing Arts

Analysis

Wolf Trap Foundation for the Performing Arts is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in April 1969, 57 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 December 2023, Wolf Trap Foundation for the Performing Arts reported income of $72.6m and spending of $61.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $56.8m to $72.6m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 80% 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 Trap Foundation for the Performing Arts sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Museum of Science ($72.5m), The Carnegie Hall Corporation ($72.8m) and Toledo Museum of Art ($72.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $1.1m (1.9% of expenses). Other salaries and wages came to $12.1m. It paid $241k in professional fundraising fees. At year end it held assets of $114.8m against liabilities of $9.0m, net assets of $105.8m. It reported 778 employees.