Winter Foundation

Analysis

Winter Foundation is a registered charity in United States, based in Auburn, ME. It received its IRS tax-exemption ruling in November 1972, 54 years ago. 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 October 2021, Winter Foundation reported income of $242k and spending of $248k, spending 102% of its income. Across the 3 years on record, from October 2019 to October 2021, income fell from $260k to $242k (-6.6%), an average of -3.4% a year. The sharpest change came in the year to October 2021, when income rose by 1149%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Winter Foundation 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 58th percentile, and in the 51st percentile within ME. Charities of a similar size with the same main cause include Paducah McCracken County Association for Retarded Citizens ($242k), Library of American Broadcasting Foundation Inc ($242k) and Tivoli Free Library Assoc ($242k).

On its Form 990 for the period ending October 2021, revenue came from program service revenue 85% of the total. Other salaries and wages came to $77k. At year end it held assets of $635k against liabilities of $8,432, net assets of $626k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.