DWB Memorial Foundation

Analysis

DWB Memorial Foundation is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in May 2015, 11 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, DWB Memorial Foundation reported income of $200k and spending of $360k, spending 180% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $238k to $200k (-16%), an average of -4.2% a year. The sharpest change came in the year to April 2022, when income rose by 12134%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, DWB Memorial Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Luesther T Mertz Charitable TR ($200k), Salmon Memorial Trust ($200k) and Yad Michael Charity Inc ($200k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.