Wipp Education Foundation Inc

Analysis

Wipp Education Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Wipp Education Foundation Inc reported income of $115k and spending of $34k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1,106 to $115k (+10301%), an average of +219% a year. The sharpest change came in the year to December 2022, when income rose by 2815%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wipp Education Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 21st percentile within DC. Charities of a similar size with the same main cause include Gifts to Share Inc ($115k), Corry Industrial Benefit Association ($115k) and Woodhaven Band Boosters ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $233k against liabilities of $22k, net assets of $211k.