Wausau Festival of Arts Inc

Analysis

Wausau Festival of Arts Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in July 1978, 48 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, Wausau Festival of Arts Inc reported income of $79k and spending of $78k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $61k to $79k (+30%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wausau Festival of Arts Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within WI. Charities of a similar size with the same main cause include Americas Tractor Museum Inc ($79k), Eritrean Community Center of Santa Clara County ($79k) and Backstreet Community Arts Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.