Wassenberg Art Center Association

Analysis

Wassenberg Art Center Association is a registered charity in United States, based in Van Wert, OH. It received its IRS tax-exemption ruling in April 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wassenberg Art Center Association reported income of $129k and spending of $121k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $129k (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 242%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wassenberg Art Center Association sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OH. Charities of a similar size with the same main cause include Liberty Jump Team Inc ($129k), Vermilion County War Museum Society ($129k) and Nice Inc ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 34% of the total. At year end it held assets of $131k against liabilities of $6,856, net assets of $124k.