WMC Foundatiion Inc

Analysis

WMC Foundatiion Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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, WMC Foundatiion Inc reported income of $1.3m and spending of $1.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $810k to $1.3m (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, WMC Foundatiion Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include State Historical Society of Missouri ($1.3m), Concord Academy Inc ($1.3m) and Family Child Development Center ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 7.4% of the total. At year end it held assets of $4.5m against liabilities of $447k, net assets of $4.1m.