Wayne Center for the Arts

Analysis

Wayne Center for the Arts is a registered charity in United States, based in Wooster, OH. It received its IRS tax-exemption ruling in January 1974, 52 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 June 2023, Wayne Center for the Arts reported income of $715k and spending of $822k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $415k to $715k (+72%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 183%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wayne Center for the Arts sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Speculative Technologies Inc ($715k), The Community Outreach Coalition ($715k) and Athens Film Arts Institute Inc ($714k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $79k (9.6% of expenses). Other salaries and wages came to $411k. At year end it held assets of $2.9m against liabilities of $86k, net assets of $2.8m. It reported 24 employees.