Wedc Foundation Inc

Analysis

Wedc Foundation Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wedc Foundation Inc reported income of $329k and spending of $309k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $329k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wedc Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within AL. Charities of a similar size with the same main cause include Justice for Girls Coalition of Washington State ($329k), The Grail ($329k) and Independent Living Center of North Central Ohio Inc ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $79k (26% of expenses). Other salaries and wages came to $9,336. At year end it held assets of $1.3m against liabilities of $5,651, net assets of $1.3m. It reported 2 employees.