Friends of Wwoz Inc

Analysis

Friends of Wwoz Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 1987, 39 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Friends of Wwoz Inc reported income of $6.0m and spending of $5.1m, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.9m to $6.0m (+1.7%), an average of +0.4% a year. The sharpest change came in the year to August 2020, when income dropped by 42%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Wwoz Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include Lundstrum Center for the Performing Arts ($6.0m), Dupage Childrens Museum ($6.0m) and Alamo Public Telecommunications Council ($6.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $297k (5.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.5m against liabilities of $269k, net assets of $5.2m. It reported 17 employees.