Wiegand Foundation Inc

Analysis

Wiegand Foundation Inc is a registered charity in United States, based in Chesterfield, MO. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Wiegand Foundation Inc reported income of $128k and spending of $80k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $128k (-89%), an average of -42% a year. The sharpest change came in the year to December 2020, when income dropped by 92%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wiegand Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within MO. Charities of a similar size with the same main cause include MTC Players Inc ($128k), Oley Valley Athletic Boosters Club ($128k) and Lutheran Music Academy of Galvestonisland Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.