Working Artists and the Greater Economy

Analysis

Working Artists and the Greater Economy is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2012, 14 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, Working Artists and the Greater Economy reported income of $120k and spending of $177k, spending 147% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $113k to $120k (+6.1%), an average of +6.1% a year. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Working Artists and the Greater Economy sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Blairstown Live-Arts Inc ($120k), The Greater South Jersey Philharmonic Society Inc ($120k) and Little Theatre of Gastonia Inc ($120k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $44k (25% of expenses). At year end it held assets of $9,007 against liabilities of $425, net assets of $8,582.