Wescom Foundation

Analysis

Wescom Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in June 2000, 26 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 (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, Wescom Foundation reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $1.1m (+338%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wescom Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Veteran Advocacy Project Inc ($1.1m), Delta Dental of Illinois Foundation ($1.1m) and Jackson Lewis Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $286k against liabilities of $0, net assets of $286k.