Wrexham Foundation Inc

Analysis

Wrexham Foundation Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in January 1956, 70 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 August 2023, Wrexham Foundation Inc reported income of $318k and spending of $195k, leaving 39% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $232k to $318k (+37%), an average of +8.2% a year. The sharpest change came in the year to August 2020, when income rose by 86%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wrexham Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include South Windsor Youth Hockey Association ($318k), Helen May Larson Charitable Trust ($318k) and Diocesan Housing Ministries Inc ($317k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 87% and program service revenue 1.5% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.