Winged Foot Foundation Inc

Analysis

Winged Foot Foundation Inc is a registered charity in United States, based in Mamaroneck, NY. It received its IRS tax-exemption ruling in May 2021, 5 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 (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, Winged Foot Foundation Inc reported income of $416k and spending of $27k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $724k to $416k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 3.6% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Winged Foot Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Supporters of Civil Society in Russia Inc ($416k), Hope Institute ($416k) and Mushroom Festival Inc ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.