Nicholas Wolff Foundation Inc

Analysis

Nicholas Wolff Foundation Inc is a registered charity in United States, based in Millville, PA. It received its IRS tax-exemption ruling in February 1989, 37 years ago. 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, Nicholas Wolff Foundation Inc reported income of $1.3m and spending of $988k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nicholas Wolff Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Mini Cat Town Inc ($1.3m), Latina Coalition of Silicon Valley ($1.3m) and Hope Ignites Phoenix ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $39k (4.0% of expenses). Other salaries and wages came to $338k. At year end it held assets of $8.0m against liabilities of $42k, net assets of $8.0m. It reported 48 employees.