Wolcott Foundation Inc

Analysis

Wolcott Foundation Inc is a registered charity in United States, based in Lansdale, PA. It received its IRS tax-exemption ruling in March 1962, 64 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2023, Wolcott Foundation Inc reported income of $192k and spending of $209k, spending 109% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $288k to $192k (-33%), an average of -9.7% a year. The sharpest change came in the year to April 2021, when income rose by 142%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wolcott Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include National Institute for Healthcareeducation & Training ($192k), Co Alas ($192k) and Caad Foundation Inc ($192k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $6.2m against liabilities of $367k, net assets of $5.9m.