World Arts Foundation Inc

Nonprofit profile at a glance

EIN
930830736
IRS 990-EZ coverage
2018–2024
Forms available
Form 990-EZ 2024, Form 990-N 2014
Location
Portland, OR, USA
Phone
5033105283
Rating
95
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$65,814
Expenses
$138,410
Assets
$7,344

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • GWEN THOMPSON (PRESIDENT)

People named in this filing

  • CURTIS YOUNG (SECRETARY/TR)
  • GWEN THOMPSON (PRESIDENT)
  • SHELIA SEARIGHT (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote african-american contributions to the american culture, and to support community education through the interface of arts and education in interactive, visual and performing media that showcases local and regional talent.

What it reported doing in 2024

Established links between artist and the community that provided increased opportunities for enhanced knowledge and awareness. Waf held their 39th annual "keep alive the dream" tribute to rev. Dr. Martin luther king, jr. In addition, we continued partnerships with "race talks" a monthly dialog on race relations jointly sponsored by mcmenamin's restaurants, "portland african american heritage project", and "urban wings aerospace and leadership club", a youth development initiative jointly sponsored by genesis fellowship church, portland.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 13
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.7%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -110.3%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 9.6% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 3.6% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 15.2% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $135K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 7/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.