Simon W Wardwell Foundation

Analysis

Simon W Wardwell Foundation is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Simon W Wardwell Foundation reported income of $811k and spending of $1.0m, spending 128% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $18.1m to $811k (-96%), an average of -79% a year. The sharpest change came in the year to December 2021, when income dropped by 89%. Over the whole period it spent 8.9% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Simon W Wardwell Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within RI. Charities of a similar size with the same main cause include Flint Hills Regional Council Inc ($810k), Town of Watertown Ambulance Service Inc ($813k) and Creedmoor Volunteer Fire Dept ($809k).

Compensation of current officers, directors and key employees was $116k (11% of expenses). At year end it held assets of $18.5m against liabilities of $0, net assets of $18.5m.