Wings Foundation Inc

Analysis

Wings Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 $637k and spending of $841k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $880k to $637k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 90% 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 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include BCS Endowment for Women and Children Inc ($637k), Los Angeles Lomod West Inc ($638k) and Bethseda Tabernacle of the Christian and Missonary Alliance I ($637k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $1.6m against liabilities of $16k, net assets of $1.6m.