Eudora Welty Foundation Inc

Analysis

Eudora Welty Foundation Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eudora Welty Foundation Inc reported income of $577k and spending of $278k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $577k (+334%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 310%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eudora Welty Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within MS. Charities of a similar size with the same main cause include Backstage Theatre Inc ($576k), Inquirefirst ($577k) and Armenian General Benvolent Union ($576k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $2.0m against liabilities of $7,650, net assets of $2.0m.