Wellsboro Foundation Inc

Analysis

Wellsboro Foundation Inc is a registered charity in United States, based in Wellsboro, PA. It received its IRS tax-exemption ruling in July 1990, 36 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 (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, Wellsboro Foundation Inc reported income of $202k and spending of $216k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $204k to $202k (-0.7%), an average of -0.7% a year. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wellsboro Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Quogue Junior Theater Troupe Inc ($202k), Kidsingers ($203k) and Southwest Seminars ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% and program service revenue 17% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.