Fourth Wall Inc

Analysis

Fourth Wall Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in May 2021, 5 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, Fourth Wall Inc reported income of $92k and spending of $83k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $92k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fourth Wall Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Kammermusik Workshops Inc ($92k), Greater South Jersey Chorus ($92k) and African American Cultural and Genealogical Society of Illinois ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.