Weathervane Music Organization

Analysis

Weathervane Music Organization is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2013, 13 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, Weathervane Music Organization reported income of $116k and spending of $132k, spending 114% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income fell from $204k to $116k (-43%), an average of -24% a year. The sharpest change came in the year to June 2022, when income dropped by 43%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Weathervane Music Organization sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include Urban Strings Columbus ($116k), Friends of the Hopkins Center for the Arts Inc ($116k) and Shakespeare Behind Bars Inc ($116k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 4.3% of the total. At year end it held assets of $23k against liabilities of $13k, net assets of $11k.