The Wyoming Fine Arts Center

Analysis

The Wyoming Fine Arts Center is a registered charity in United States, based in Wyoming, OH. It received its IRS tax-exemption ruling in February 1997, 29 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, The Wyoming Fine Arts Center reported income of $456k and spending of $663k, spending 145% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $667k to $456k (-32%), an average of -9.1% a year. The sharpest change came in the year to August 2021, when income rose by 49%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Wyoming Fine Arts Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Exodus Ensemble ($456k), Pan African Center for Empowerment Inc ($456k) and Scientific and Culturalcollaborative ($456k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $71k (11% of expenses). Other salaries and wages came to $330k. At year end it held assets of $799k against liabilities of $51k, net assets of $748k. It reported 40 employees.