Wolfe Street Foundation Inc

Analysis

Wolfe Street Foundation Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2022, Wolfe Street Foundation Inc reported income of $430k and spending of $479k, spending 111% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $331k to $430k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 131%. Over the whole period it spent 146% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wolfe Street Foundation Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within AR. Charities of a similar size with the same main cause include Holt Counseling Center Inc ($430k), Vermont Assembly of Home Health and Hospice Agencies Inc ($430k) and Athletic Rehab Clinic ($430k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 66% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $84k (18% of expenses). Other salaries and wages came to $115k. At year end it held assets of $1.8m against liabilities of $3,043, net assets of $1.8m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.