Wolasky Family Foundation Inc

Analysis

Wolasky Family Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2017, 9 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wolasky Family Foundation Inc reported income of $2.0m and spending of $2.0m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $2.0m (-5.2%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wolasky Family Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Charleston Jewish Federation ($2.0m), Driven Brands Charitable Foundation ($2.0m) and Greater Cincinnati Behavioral Health Services Foundation ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $267k against liabilities of $0, net assets of $267k.