We Are Instrumental Inc

Analysis

We Are Instrumental Inc is a registered charity in United States, based in Ticonderoga, NY. It received its IRS tax-exemption ruling in February 2022, 4 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, We Are Instrumental Inc reported income of $174k and spending of $63k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $174k (+386%), an average of +386% a year. The sharpest change came in the year to December 2023, when income rose by 386%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, We Are Instrumental Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Carousel Dance Company ($174k), Unruly Arts ($174k) and Renovare Music Inc ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.