Wharton Studio Museum

Analysis

Wharton Studio Museum is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in October 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, Wharton Studio Museum reported income of $95k and spending of $81k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $63k to $95k (+50%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 135% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wharton Studio Museum sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Ukiah Community Concert Association Incorporated ($95k), Detroit Dance Collective ($95k) and City of Gary Economic Development Corp ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.1% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.