Wings Foundation Inc

Analysis

Wings Foundation Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 1986, 40 years ago. 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, Wings Foundation Inc reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $857k to $1.1m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wings 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 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Boys and Girls Club of Marion County Inc ($1.1m), River Road Historical Society ($1.1m) and Our Ladys Manor Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $142k (13% of expenses). Other salaries and wages came to $453k. It paid $1,709 in professional fundraising fees. At year end it held assets of $709k against liabilities of $63k, net assets of $646k. It reported 10 employees.