Wichita Foundation

Analysis

Wichita Foundation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in October 1986, 40 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 June 2023, Wichita Foundation reported income of $10.2m and spending of $7.5m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.2m to $10.2m (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wichita Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KS. Charities of a similar size with the same main cause include Ann Arbor Area Community Foundation ($10.2m), United Way of the Capital Region ($10.3m) and Community Foundation of Snohomish County ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $379k (5.0% of expenses). Other salaries and wages came to $335k. At year end it held assets of $102.2m against liabilities of $14.6m, net assets of $87.7m. It reported 10 employees.