Foulkeways at Gwynedd

Analysis

Foulkeways at Gwynedd is a registered charity in United States, based in Gwynedd, PA. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Foulkeways at Gwynedd reported income of $39.8m and spending of $38.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34.7m to $39.8m (+15%), an average of +3.5% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foulkeways at Gwynedd sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include House of the Good Shepherd ($39.8m), St Josephs Center ($39.9m) and Jewish Community Center of Staten Island Inc ($39.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $937k (2.4% of expenses). Other salaries and wages came to $13.8m. At year end it held assets of $135.6m against liabilities of $108.3m, net assets of $27.3m. It reported 430 employees.