William & Mary Foundation

Analysis

William & Mary Foundation is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in May 1940, 86 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, William & Mary Foundation reported income of $41.1m and spending of $52.6m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $83.5m to $41.1m (-51%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 59%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, William & Mary Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Wildwood School Inc ($41.0m), Belmont Hill School Inc ($41.1m) and Franklin Road Academy Inc ($41.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 8.1% of the total. At year end it held assets of $1.13bn against liabilities of $33.7m, net assets of $1.10bn.