Norma Wieblen Char Fund

Analysis

Norma Wieblen Char Fund is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Norma Wieblen Char Fund reported income of $78k and spending of $161k, spending 206% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income fell from $174k to $78k (-55%), an average of -15% a year. The sharpest change came in the year to August 2023, when income dropped by 140%. Over the whole period it spent 177% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norma Wieblen Char Fund sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within LA. Charities of a similar size with the same main cause include Flint Science Fair Inc ($78k), Three Corner Round Pack Outfit Inc ($78k) and PTA Texas Congress ($78k).

Compensation of current officers, directors and key employees was $44k (27% of expenses). At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.

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.