Washington Trust Foundation Inc

Analysis

Washington Trust Foundation Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in August 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Washington Trust Foundation Inc reported income of $151k and spending of $115k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2018 to December 2021, income fell from $1.5m to $151k (-90%), an average of -54% a year. The sharpest change came in the year to December 2019, when income dropped by 81%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Washington Trust Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include It Takes a Village Chicago Inc ($151k), Giving Trees for Life Inc ($151k) and Benefit Others Foundation ($151k).

At year end it held assets of $8.0m against liabilities of $1.9m, net assets of $6.1m.