The Wick Theatre & Costume Museum Inc

Analysis

The Wick Theatre & Costume Museum Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in June 2018, 8 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, The Wick Theatre & Costume Museum Inc reported income of $5.0m and spending of $4.8m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $3.6m to $5.0m (+37%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Wick Theatre & Costume Museum Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Berkeley Society for the Preservation of Traditional Music ($5.0m), Butler Institute of American Art ($5.0m) and Stephenson Technologies Corporation ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $152k (3.2% of expenses). Other salaries and wages came to $766k. At year end it held assets of $2.4m against liabilities of $1.2m, net assets of $1.2m. It reported 10 employees.