The Foundation of the Wall and Ceiling Industry Inc

Analysis

The Foundation of the Wall and Ceiling Industry Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in October 1980, 46 years ago. 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 June 2024, The Foundation of the Wall and Ceiling Industry Inc reported income of $147k and spending of $148k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $243k to $147k (-40%), an average of -9.6% a year. The sharpest change came in the year to June 2023, when income rose by 255%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Foundation of the Wall and Ceiling Industry Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($147k), Jandys Home ($147k) and Volunteers of America Inc ($147k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% of the total. Other salaries and wages came to $77k. At year end it held assets of $2.1m against liabilities of $2,120, net assets of $2.1m.