WFG Foundation Inc

Analysis

WFG Foundation Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in March 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, WFG Foundation Inc reported income of $287k and spending of $440k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $287k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2020, when income rose by 376%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, WFG Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IA. Charities of a similar size with the same main cause include Staples Share Fund Inc ($287k), Cycladic Art Foundation ($287k) and International Black Womens Public Institute Inc ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $1.3m against liabilities of $208k, net assets of $1.0m.