The Wings Club Foundation Inc

Analysis

The Wings Club Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2023, The Wings Club Foundation Inc reported income of $2.3m and spending of $1.6m, leaving 30% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income fell from $2.3m to $2.3m (-2.0%), an average of -0.5% a year. The sharpest change came in the year to March 2022, when income rose by 84%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Wings Club Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Hanaa Dli Community School Dormitory Inc ($2.3m), Hers ($2.3m) and Schools Mentoring & Resource Team ($2.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 89% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $381k (24% of expenses). Other salaries and wages came to $173k. At year end it held assets of $7.2m against liabilities of $491k, net assets of $6.8m. It reported 4 employees.