WB Foundation

Analysis

WB Foundation is a registered charity in United States, based in Rcho Sta Marg, CA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, WB Foundation reported income of $112k and spending of $84k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $112k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, WB Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Joliet Community Center Inc ($112k), Minnesota Eye Foundation ($112k) and Cure on Wheels Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.