The Meriden-Wallingford Community F Foundation Inc

Analysis

The Meriden-Wallingford Community F Foundation Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, The Meriden-Wallingford Community F Foundation Inc reported income of $203k and spending of $63k, leaving 69% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income fell from $370k to $203k (-45%), an average of -18% a year. The sharpest change came in the year to June 2020, when income dropped by 54%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Meriden-Wallingford Community F Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include Sunrise Good Samaritan Fund Inc ($203k), Chatfield Firefighters Activities Association Inc ($203k) and Laura Rosenberg Foundation Inc ($203k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.