Wtvi Foundation Inc

Analysis

Wtvi Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2013, 13 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wtvi Foundation Inc reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.1m (+73%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wtvi Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Dropbox Foundation ($2.1m), Be the Difference Nil Inc ($2.1m) and A2la Workplace Training Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. It paid $327k in professional fundraising fees. At year end it held assets of $57k against liabilities of $2,454, net assets of $55k.