Wi Fairs Inc

Analysis

Wi Fairs Inc is a registered charity in United States, based in Merrill, WI. It received its IRS tax-exemption ruling in August 2014, 12 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 September 2023, Wi Fairs Inc reported income of $279k and spending of $217k, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $209k to $279k (+34%), an average of +7.5% a year. The sharpest change came in the year to September 2022, when income rose by 222%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wi Fairs Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Media Projects Inc ($279k), The Heart of Dance ($279k) and Hickory Ballet & Performing Arts ($279k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $30k (14% of expenses). At year end it held assets of $274k against liabilities of $21k, net assets of $252k. It reported 1 employees.