Wooster Group Inc

Analysis

Wooster Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 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 (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, Wooster Group Inc reported income of $1.4m and spending of $1.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.4m (-10.0%), an average of -2.6% a year. The sharpest change came in the year to June 2022, when income rose by 29%. 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, Wooster Group Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include The Society of Gilbert Keith Chesterton ($1.4m), Bach Choir of Bethlehem ($1.4m) and Santa Monica United Football Club Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $167k (11% of expenses). Other salaries and wages came to $693k. At year end it held assets of $1.4m against liabilities of $28k, net assets of $1.3m. It reported 48 employees.