W&s Charitable Foundation Inc

Analysis

W&s Charitable Foundation Inc is a registered charity in United States, based in Ramsey, NJ. It received its IRS tax-exemption ruling in June 2009, 17 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 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, W&s Charitable Foundation Inc reported income of $248k and spending of $246k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7,042 to $248k (+3427%), an average of +144% a year. The sharpest change came in the year to December 2020, when income dropped by 671%. Over the whole period it spent 116% 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&s Charitable Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Sandpoint Rotary Charitable Trust Inc ($248k), National Court Reporters Foundation ($248k) and Friends of Hackmatack National Wildlife Refuge ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $803k against liabilities of $366k, net assets of $437k.