Friends of Wells-Robertson House Inc

Analysis

Friends of Wells-Robertson House Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Friends of Wells-Robertson House Inc reported income of $75k and spending of $10k, leaving 86% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $63k to $75k (+18%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 21% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Wells-Robertson House Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Medford Public Library Foundation Inc ($75k), 621 Gallery Inc ($75k) and National Association for Korean Schools Mid Atlantic Chapter ($75k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 19% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.