Williams Memorial Institute

Analysis

Williams Memorial Institute is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in March 1945, 81 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Williams Memorial Institute reported income of $7.1m and spending of $7.5m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.1m to $7.1m (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Williams Memorial Institute sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Jacobs Ladder Neurodevelopmental Learning Center Inc ($7.1m), The Neighborhood Academy ($7.1m) and Academic Success Program ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $572k (7.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $23.6m against liabilities of $4.4m, net assets of $19.3m. It reported 75 employees.