Whitney Institute

Analysis

Whitney Institute is a registered charity in United States, based in Wallace, LA. It received its IRS tax-exemption ruling in October 2016, 10 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 2022, Whitney Institute reported income of $1.9m and spending of $1.6m, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $452k to $1.9m (+326%), an average of +62% a year. The sharpest change came in the year to December 2021, when income rose by 127%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Whitney Institute sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include Michigan Technology Commercialization Corporation ($1.9m), Arts Council of Fort Worth and Tarrant County Inc ($1.9m) and Filmscene ($1.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 6.7% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $131k (8.2% of expenses). Other salaries and wages came to $666k. At year end it held assets of $1.3m against liabilities of $65k, net assets of $1.3m. It reported 27 employees.