Wormfarm Institute Incorporated

Analysis

Wormfarm Institute Incorporated is a registered charity in United States, based in Reedsburg, WI. It received its IRS tax-exemption ruling in September 2000, 26 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 December 2023, Wormfarm Institute Incorporated reported income of $734k and spending of $417k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $258k to $734k (+185%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 64%. 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, Wormfarm Institute Incorporated 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 76th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Santa Cruz Valley Art Association Inc ($734k), Kayenta Arts Foundation ($734k) and Graffiti USA Classic Car Museum Inc ($734k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $70k (17% of expenses). Other salaries and wages came to $122k. At year end it held assets of $549k against liabilities of $25k, net assets of $523k. It reported 5 employees.