Jack & Marci Williams Endowment for Wednesdays Child Inc

Analysis

Jack & Marci Williams Endowment for Wednesdays Child Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Jack & Marci Williams Endowment for Wednesdays Child Inc reported income of $246k and spending of $563k, spending 229% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $352k to $246k (-30%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 197% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jack & Marci Williams Endowment for Wednesdays Child Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within NV. Charities of a similar size with the same main cause include Mountain Home Senior Center Inc ($246k), Kearahs Place Inc ($246k) and Gleaners Dispatch Inc ($246k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 5.5% of the total. Compensation of current officers, directors and key employees was $138k (24% of expenses). At year end it held assets of $3.1m against liabilities of $15, net assets of $3.1m. It reported 1 employees.

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.