Wimos Foundation

Analysis

Wimos Foundation is a registered charity in United States, based in Garyville, LA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 July 2023, Wimos Foundation reported income of $177k and spending of $137k, leaving 23% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income grew from $128k to $177k (+38%), an average of +38% a year. The sharpest change came in the year to July 2023, when income rose by 38%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wimos Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within LA. Charities of a similar size with the same main cause include 100 Who Give Inc ($177k), Educational Resources of Antigua Guatemala Inc ($177k) and Strategic Justice Initiatives Inc ($177k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 52% and program service revenue 53% of the total. At year end it held assets of $163k against liabilities of $1,200, net assets of $162k.