Whiffenpoofs of Yale University Inc

Analysis

Whiffenpoofs of Yale University Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in July 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Whiffenpoofs of Yale University Inc reported income of $346k and spending of $437k, spending 126% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $429k to $346k (-19%), an average of -5.2% a year. The sharpest change came in the year to August 2022, when income rose by 133%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Whiffenpoofs of Yale University Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include The Working Group ($346k), New Mexico Music Educators Association ($346k) and Lake Forest Soccer Association Lake Forest ($346k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.

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.