The John a & Leah D Widtsoe Foundation

Analysis

The John a & Leah D Widtsoe Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2021, The John a & Leah D Widtsoe Foundation reported income of $63k and spending of $186k, spending 293% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $158k to $63k (-60%), an average of -37% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 235% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The John a & Leah D Widtsoe Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Hope Club of Niagara Inc ($63k), Haven of Rest Family Ministries Inc ($63k) and Phap Nhan Temple ($63k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $84k. At year end it held assets of $54k against liabilities of $15k, net assets of $38k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.