WC Parents Inc

Analysis

WC Parents Inc is a registered charity in United States, based in Freehold, NJ. It received its IRS tax-exemption ruling in July 2001, 25 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 December 2023, WC Parents Inc reported income of $565k and spending of $521k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $387k to $565k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, WC Parents Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Friends of Community Foundations of Canada ($565k), Matilda Joslyn Gage Foundation Inc ($565k) and Spring Arbor University Foundation ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $390k against liabilities of $0, net assets of $390k.