W W Caruth Jr Foundation

Analysis

W W Caruth Jr Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1975, 51 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, W W Caruth Jr Foundation reported income of $14.2m and spending of $16.0m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.7m to $14.2m (-9.4%), an average of -2.4% a year. The sharpest change came in the year to June 2021, when income rose by 92%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, W W Caruth Jr Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include The Community Foundation of Southern New Mexico ($14.2m), CF Foundation Inc ($14.2m) and United Way of the Plains ($14.0m).

Compensation of current officers, directors and key employees was $3.4m (21% of expenses). At year end it held assets of $483.8m against liabilities of $9.6m, net assets of $474.2m.