Wissahickon Foundation

Analysis

Wissahickon Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2014, 12 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 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 June 2023, Wissahickon Foundation reported income of $1.3m and spending of $192k, leaving 85% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $365k to $1.3m (+250%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 401%. Over the whole period it spent 22% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wissahickon Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Fort Bend I S D Education Foundation ($1.3m), Saint Simeons Episcopal Home Foundation ($1.3m) and The Grantmakers of Western Pennsyl Vania ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.6m against liabilities of $127k, net assets of $2.5m.