Friends of the Waisman Center Inc

Analysis

Friends of the Waisman Center Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Friends of the Waisman Center Inc reported income of $79k and spending of $132k, spending 166% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $97k to $79k (-18%), an average of -18% a year. The sharpest change came in the year to August 2023, when income dropped by 18%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Waisman Center Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within WI. Charities of a similar size with the same main cause include Little League Baseball Inc ($79k), Road Runners Club of America ($79k) and Oaks Park Community Boathouse ($79k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.