Why Arts Inc

Analysis

Why Arts Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 1991, 35 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 2024, Why Arts Inc reported income of $596k and spending of $604k, spending 101% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $375k to $596k (+59%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Why Arts Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NE. Charities of a similar size with the same main cause include Norwalk Historical Society Incorporated ($596k), Arts for the Aging-Maryland Inc ($596k) and Equity Trust Inc ($596k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $243k (40% of expenses). At year end it held assets of $237k against liabilities of $2,885, net assets of $234k. It reported 5 employees.