Wedgewood Foundation

Analysis

Wedgewood Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1991, 35 years ago. 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 December 2023, Wedgewood Foundation reported income of $557k and spending of $322k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $557k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wedgewood Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Child Evangelism Fellowship Inc ($557k), Epic Youth ($557k) and Girls Incorporated of Wayne County ($557k).

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 $6.7m against liabilities of $6,175, net assets of $6.7m.