The W O W Project Inc

Analysis

The W O W Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The W O W Project Inc reported income of $759k and spending of $296k, leaving 61% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $191k to $759k (+298%), an average of +298% a year. The sharpest change came in the year to June 2023, when income rose by 298%. Over the whole period it spent 33% 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 W O W Project Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Roanoke Cultural Endowment ($759k), North Texas Business Council for the Arts ($759k) and National Center for Childrens ($759k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (27% of expenses). Other salaries and wages came to $77k. At year end it held assets of $641k against liabilities of $2,575, net assets of $638k. It reported 14 employees.