Figueroa Wu Family Foundation

Analysis

Figueroa Wu Family Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Figueroa Wu Family Foundation reported income of $2.7m and spending of $2.4m, spending 88% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $391k to $2.7m (+592%), an average of +91% a year. The sharpest change came in the year to June 2022, when income rose by 352%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Figueroa Wu Family Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Mountain Regional Services Inc ($2.7m), Pathways Professional Counseling ($2.7m) and Hope Pregnancy Care Center ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $269k. At year end it held assets of $1.2m against liabilities of $7,878, net assets of $1.2m. It reported 12 employees.