The Welman Project

Analysis

The Welman Project is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Welman Project reported income of $439k and spending of $511k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $381k to $439k (+15%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Welman Project sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Northwest Sinfonietta Inc ($439k), Marion Art Center Inc ($439k) and Ka Lahui Kai ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $87k (17% of expenses). Other salaries and wages came to $296k. At year end it held assets of $174k against liabilities of $45k, net assets of $129k. It reported 22 employees.