World of Westchase Inc

Analysis

World of Westchase Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 2018, 8 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 2023, World of Westchase Inc reported income of $568k and spending of $547k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $595k to $568k (-4.5%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World of Westchase Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Richmond Symphony Orchestra Association ($568k), Little Theater on the Bay Inc ($569k) and Musicalliance Inc ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% of the total. At year end it held assets of $191k against liabilities of $38k, net assets of $153k.