Wayward Artist Inc

Analysis

Wayward Artist Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in December 2017, 9 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, Wayward Artist Inc reported income of $121k and spending of $144k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $134k to $121k (-9.4%), an average of -9.4% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wayward Artist Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Wartburg Community Symphony Association Inc ($121k), Musart Society ($121k) and Tryon Concert Association Inc ($121k).

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 $38k against liabilities of $0, net assets of $38k.