Transparent Watercolor Society of America

Analysis

Transparent Watercolor Society of America is a registered charity in United States, based in Oconomowoc, WI. It received its IRS tax-exemption ruling in September 1976, 50 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, Transparent Watercolor Society of America reported income of $67k and spending of $82k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $67k (-21%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Transparent Watercolor Society of America sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within WI. Charities of a similar size with the same main cause include Music at the Mission ($67k), Norton Theater Association Inc ($67k) and Easton Collaborative Theatre Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.3% of the total. At year end it held assets of $260k against liabilities of $0, net assets of $260k.