Wente Family Foundation for Arts Education

Analysis

Wente Family Foundation for Arts Education is a registered charity in United States, based in Livermore, CA. It received its IRS tax-exemption ruling in April 2014, 12 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, Wente Family Foundation for Arts Education reported income of $102k and spending of $16k, leaving 84% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $311k to $102k (-67%), an average of -43% a year. The sharpest change came in the year to December 2023, when income rose by 495%. 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, Wente Family Foundation for Arts Education sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Friends of the Centennial Trail ($102k), Karen a Bradshaw Memorial Charity Fund ($102k) and Results Foundation ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $127k against liabilities of $2,480, net assets of $125k.