Wetherington Foundation Inc

Analysis

Wetherington Foundation Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in September 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wetherington Foundation Inc reported income of $61k and spending of $79k, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $94k to $61k (-35%), an average of -13% a year. The sharpest change came in the year to June 2021, when income rose by 117%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wetherington Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Align Community ($61k), National Charity League Lakewood Chapter ($61k) and Bakersfield Breakfast Rotary Foundation ($61k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $1.8m against liabilities of $4,385, net assets of $1.8m.