Wake Forest College Birthplace Society Inc

Analysis

Wake Forest College Birthplace Society Inc is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in December 1963, 63 years ago. 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, Wake Forest College Birthplace Society Inc reported income of $562k and spending of $372k, leaving 34% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $129k to $562k (+337%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 571%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wake Forest College Birthplace Society Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include The Friends of Rickwood Field ($562k), St Lukes Hospital of Kansas City Auxiliary ($562k) and Mathews Volunteer Fire Department Inc ($561k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3.2m against liabilities of $99k, net assets of $3.1m.