Wellsboro Community Foundation Inc

Analysis

Wellsboro Community Foundation Inc is a registered charity in United States, based in Wellsboro, PA. It received its IRS tax-exemption ruling in March 2007, 19 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 (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, Wellsboro Community Foundation Inc reported income of $510k and spending of $472k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $510k (-77%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 84%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wellsboro Community Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Anabi Family Foundation ($510k), United Way of Henderson County ($511k) and Mt Helix Park Foundation ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.