Wilcox Endowment Inc

Analysis

Wilcox Endowment Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1975, 51 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 June 2023, Wilcox Endowment Inc reported income of $121k and spending of $172k, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $141k to $121k (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2021, when income rose by 149%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wilcox Endowment Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Douglas County Cancer Services Committee ($121k), National Registry of Certified Chemists ($121k) and Keene Elm City Rotary Club ($121k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 58% of the total. Other salaries and wages came to $37k. At year end it held assets of $3.6m against liabilities of $30k, net assets of $3.5m. It reported 1 employees.