Wolverine Foundation Inc

Analysis

Wolverine Foundation Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in August 2012, 14 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 December 2023, Wolverine Foundation Inc reported income of $77k and spending of $60k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $77k (+15%), an average of +15% a year. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wolverine Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within CT. Charities of a similar size with the same main cause include Lake Area Technical Institute Alumni Association ($77k), Wee Blessings Preschool ($77k) and Friends of the Poway Library ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $160k against liabilities of $500, net assets of $159k.