The James Phillips Williams Memorial Foundation

Analysis

The James Phillips Williams Memorial Foundation is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in May 1987, 39 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, The James Phillips Williams Memorial Foundation reported income of $327k and spending of $235k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $319k to $327k (+2.4%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The James Phillips Williams Memorial Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Lenawee County Educational Foundation ($327k), Friends of the Davis Public Library ($327k) and West Whiteland Fire Company Relief Assoc ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $43k (18% of expenses). Other salaries and wages came to $16k. At year end it held assets of $452k against liabilities of $0, net assets of $452k.