Wisconsin Academy of Sciences Arts & Letters

Analysis

Wisconsin Academy of Sciences Arts & Letters is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 1945, 81 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 2023, Wisconsin Academy of Sciences Arts & Letters reported income of $961k and spending of $968k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $779k to $961k (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wisconsin Academy of Sciences Arts & Letters sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Edison Arts Foundation Inc ($961k), Genealogical Society of Pennsylvania ($962k) and Merced Theatre Foundation Inc ($961k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $128k (13% of expenses). Other salaries and wages came to $378k. At year end it held assets of $718k against liabilities of $122k, net assets of $596k. It reported 18 employees.