Words Beats and Life Inc

Analysis

Words Beats and Life Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2004, 22 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 August 2023, Words Beats and Life Inc reported income of $1.9m and spending of $1.8m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $504k to $1.9m (+285%), an average of +40% a year. The sharpest change came in the year to August 2021, when income rose by 107%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Words Beats and Life Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Friends of Katahdin Woods and Waters ($1.9m), Henry H Stambaugh Auditorium Association ($1.9m) and The Good Information Foundation ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $110k (6.0% of expenses). Other salaries and wages came to $81k. At year end it held assets of $434k against liabilities of $125k, net assets of $309k. It reported 1 employees.