Washburn Norlands Foundation Inc

Analysis

Washburn Norlands Foundation Inc is a registered charity in United States, based in Livermore, ME. It received its IRS tax-exemption ruling in December 1973, 53 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Washburn Norlands Foundation Inc reported income of $181k and spending of $149k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $260k to $181k (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washburn Norlands Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 44th percentile within ME. Charities of a similar size with the same main cause include Harriet Tubman Home ($181k), Korean Christians for Shalom Jerusalem a NJ Nonprofit Corporati ($181k) and Old Methodist Episcopal Church of Berlin Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 8.4% of the total. Other salaries and wages came to $16k. At year end it held assets of $3.4m against liabilities of $11k, net assets of $3.4m. It reported 4 employees.