Wacheva Cultural Arts Inc

Analysis

Wacheva Cultural Arts Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in September 2008, 18 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 December 2023, Wacheva Cultural Arts Inc reported income of $56k and spending of $37k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $56k (-6.4%), an average of -6.4% a year. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wacheva Cultural Arts Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Campbell County Historical Society ($56k), BLSSD Future Inc ($56k) and Aapl Institute for Education and Research Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $74k against liabilities of $7,966, net assets of $66k.