Wheda Foundation Inc

Analysis

Wheda Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Wheda Foundation Inc reported income of $2.5m and spending of $1.7m, leaving 32% of income unspent that year. The sharpest change came in the year to June 2023, when income rose by 115%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wheda Foundation Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Bryant Park Management Corp ($2.5m), Rochester Housing Development Fund Corporation ($2.5m) and Neighborhoods Inc ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.8m against liabilities of $2.8m, net assets of $954k.