Wta Foundation Inc

Analysis

Wta Foundation Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Wta Foundation Inc reported income of $1.1m and spending of $539k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.2m to $1.1m (-9.0%), an average of -3.1% a year. The sharpest change came in the year to December 2023, when income rose by 590%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wta Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Sportsmen for Charity ($1.1m), Associa Cares Inc ($1.1m) and Freedom Project Network ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $82k, net assets of $1.2m.