Westfield Arts Collective

Analysis

Westfield Arts Collective is a registered charity in United States, based in Westfield, NJ. It received its IRS tax-exemption ruling in October 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 December 2023, Westfield Arts Collective reported income of $326k and spending of $356k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $5.1m to $326k (-94%), an average of -75% a year. The sharpest change came in the year to December 2022, when income dropped by 96%. Over the whole period it spent 12% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Westfield Arts Collective sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Evergreen Rodeo Association ($326k), Fruit Tree Planting Foundation ($326k) and Metropolitan Club Foundation Inc ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 0.4% of the total. At year end it held assets of $9.1m against liabilities of $4.0m, net assets of $5.0m.