WFBG Radio Christmas Carol Foundation

Analysis

WFBG Radio Christmas Carol Foundation is a registered charity in United States, based in Hollidaysburg, PA. It received its IRS tax-exemption ruling in September 1986, 40 years ago. 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 May 2024, WFBG Radio Christmas Carol Foundation reported income of $60k and spending of $70k, spending 116% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $53k to $60k (+15%), an average of +3.5% a year. The sharpest change came in the year to May 2021, when income rose by 52%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, WFBG Radio Christmas Carol Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include Scotch Plains Fanwood Unico ($60k), PTA California Congress of Parentsteachers and Students Inc ($60k) and Esa Missionary Society Inc ($60k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 62% of the total. At year end it held assets of $652k against liabilities of $0, net assets of $652k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.