WCTC Foundation Inc

Analysis

WCTC Foundation Inc is a registered charity in United States, based in Pewaukee, WI. It received its IRS tax-exemption ruling in February 2019, 7 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, WCTC Foundation Inc reported income of $1.2m and spending of $945k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.2m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2021, when income rose by 677%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, WCTC Foundation Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include United Way of Southwest Oklahoma Inc ($1.2m), United Way of Davidson County Inc ($1.2m) and FDP Foundation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $164k (17% of expenses). Other salaries and wages came to $3,547. At year end it held assets of $8.7m against liabilities of $90k, net assets of $8.7m. It reported 3 employees.