Warren Arts Foundation Inc

Analysis

Warren Arts Foundation Inc is a registered charity in United States, based in Morrison, TN. It received its IRS tax-exemption ruling in March 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, Warren Arts Foundation Inc reported income of $75k and spending of $86k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $75k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Warren Arts Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within TN. Charities of a similar size with the same main cause include Printaustin Collective ($75k), Latbsdc ($75k) and House of Mexico ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $386k against liabilities of $405k, net assets of -$19k.