William L Goldfarb Foundation for Education & Resrch of LWR Extm Inc

Analysis

William L Goldfarb Foundation for Education & Resrch of LWR Extm Inc is a registered charity in United States, based in Camp Hill, PA. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, William L Goldfarb Foundation for Education & Resrch of LWR Extm Inc reported income of $584k and spending of $638k, spending 109% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $653k to $584k (-11%), an average of -2.8% a year. The sharpest change came in the year to May 2024, when income rose by 30%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, William L Goldfarb Foundation for Education & Resrch of LWR Extm Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include House of Shine Inc ($584k), Childrens Education Alliance of Missouri ($584k) and Ophelia J Berry Fund Inc ($584k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 3.2% and program service revenue 93% of the total. At year end it held assets of $585k against liabilities of $75k, net assets of $510k.

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.