Wahi Studio Inc

Analysis

Wahi Studio Inc is a registered charity in United States, based in Lockport, NY. It received its IRS tax-exemption ruling in November 2020, 6 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, Wahi Studio Inc reported income of $58k and spending of $59k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $58k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wahi Studio 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 24th percentile within NY. Charities of a similar size with the same main cause include Game Room ($58k), Friends of Tmaf ($58k) and Broadway Experience ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. At year end it held assets of $6,114 against liabilities of $3,999, net assets of $2,115.