Robert W Woodruff Arts Center Inc

Analysis

Robert W Woodruff Arts Center Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 1926, 100 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 May 2023, Robert W Woodruff Arts Center Inc reported income of $99.8m and spending of $108.4m, spending 109% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $110.1m to $99.8m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to May 2021, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Robert W Woodruff Arts Center Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Museum of Fine Arts ($99.6m), American Institute of Physics Incorporated ($100.0m) and Playhouse Square Foundation ($97.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 68% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $4.5m (4.2% of expenses). Other salaries and wages came to $35.8m. It paid $605k in professional fundraising fees. At year end it held assets of $667.7m against liabilities of $194.7m, net assets of $472.9m. It reported 1,271 employees.