WBCS Inc

Analysis

WBCS Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 1998, 28 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 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 December 2023, WBCS Inc reported income of $244k and spending of $26k, leaving 89% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $283k to $244k (-14%), an average of -7.0% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, WBCS Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within WI. Charities of a similar size with the same main cause include New Jersey State Federation of Womens Clubs ($244k), Kiwanis Club of San Jose Foundation Inc ($244k) and Golden Hill Foundation Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $547k against liabilities of $7,342, net assets of $539k.