Witherspoon Institute Inc

Analysis

Witherspoon Institute Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Witherspoon Institute Inc reported income of $2.8m and spending of $2.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.8m (+26%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Witherspoon Institute Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Ivy Tech Charter School ($2.8m), Cathedral Arts Project Inc ($2.8m) and Career Technical Education Foundation Sonoma County ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $745k (28% of expenses). Other salaries and wages came to $512k. At year end it held assets of $11.9m against liabilities of $143k, net assets of $11.7m. It reported 34 employees.