Wildwood Park for the Arts Inc

Analysis

Wildwood Park for the Arts Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 2023, 3 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 July 2023, Wildwood Park for the Arts Inc reported income of $589k and spending of $843k, spending 143% of what it took in. Across the 3 years on record, from July 2019 to July 2023, income grew from $453k to $589k (+30%), an average of +14% a year. The sharpest change came in the year to July 2022, when income rose by 181%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wildwood Park for the Arts Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within AR. Charities of a similar size with the same main cause include Waco Civic Theatre ($589k), Classics for Kids Inc ($589k) and North Fork Valley Public Radio Incorporated ($589k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 43% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $62k (7.3% of expenses). Other salaries and wages came to $141k. At year end it held assets of $3.2m against liabilities of $301k, net assets of $2.9m.