Will Group Foundation Inc

Analysis

Will Group Foundation Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Will Group Foundation Inc reported income of $97k and spending of $67k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $97k (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 154%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Will Group 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 36th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Kaleidoscope Learning ($97k), Lighthouse World Mission ($97k) and Fairhaven School Inc ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $901k against liabilities of $0, net assets of $901k.