Whim N Rhythm Inc

Analysis

Whim N Rhythm Inc is a registered charity in United States, based in Carpinteria, CA. It received its IRS tax-exemption ruling in June 1998, 28 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 July 2024, Whim N Rhythm Inc reported income of $58k and spending of $58k, spending 99% of its income. Across the 3 years on record, from July 2017 to July 2024, income fell from $69k to $58k (-16%), an average of -8.3% a year. The sharpest change came in the year to July 2023, when income dropped by 28%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Whim N Rhythm Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Surti Samaj of Baton Rouge ($58k), Radio on the Lake Theatre ($58k) and South City Theatre Inc ($58k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 17% and program service revenue 82% of the total. At year end it held assets of $47k against liabilities of $694, net assets of $47k.