Wharton County Junior College Foundation

Analysis

Wharton County Junior College Foundation is a registered charity in United States, based in Wharton, TX. It received its IRS tax-exemption ruling in March 1964, 62 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 2022, Wharton County Junior College Foundation reported income of $185k and spending of $170k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $194k to $185k (-4.3%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wharton County Junior College Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Pickett County Development Comm ($185k), PTA California Congress of Parents Teachers & Students Inc ($186k) and Webster Economic Development Counci L ($185k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 70% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.