Lettie Pate Whitehead Foundation Inc

Analysis

Lettie Pate Whitehead Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 1965, 61 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 under section 501(c)(3).

In the financial year ending December 2023, Lettie Pate Whitehead Foundation Inc reported income of $208.6m and spending of $65.6m, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $136.0m to $208.6m (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 33% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lettie Pate Whitehead Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within GA. Charities of a similar size with the same main cause include Anne Ray Foundation ($198.4m), Columbia Lutheran Charities ($213.0m) and Communities Foundation of Texas ($195.1m).

Compensation of current officers, directors and key employees was $329k (0.5% of expenses). Other salaries and wages came to $151k. At year end it held assets of $821.8m against liabilities of $432, net assets of $821.8m. It reported 14 employees.