WR Arts Inc

Analysis

WR Arts Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, WR Arts Inc reported income of $470k and spending of $395k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $418k to $470k (+12%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income dropped by 49%. 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, WR Arts Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Philadelphia Sinfonia Association Inc ($469k), Afrikin Foundation Inc ($470k) and Berks Community Television ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $60k (15% of expenses). Other salaries and wages came to $54k. At year end it held assets of $402k against liabilities of $253k, net assets of $149k. It reported 7 employees.