Wilmington Future Inc

Analysis

Wilmington Future Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Wilmington Future Inc reported income of $1.5m and spending of $1.5m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $98k to $1.5m (+1454%), an average of +73% a year. The sharpest change came in the year to June 2023, when income rose by 3763%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wilmington Future Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Foundation for Edmonds School District ($1.5m), Kings Daughters Day Home ($1.5m) and Sikh Center San Francisco Bay Area ($1.5m).

At year end it held assets of $329.5m against liabilities of $329.5m, net assets of $0.