James and Lynn Wojtyto Charitable Fund

Analysis

James and Lynn Wojtyto Charitable Fund is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, James and Lynn Wojtyto Charitable Fund reported income of $335k and spending of $162k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.0m to $335k (-89%), an average of -89% a year. The sharpest change came in the year to December 2023, when income dropped by 89%. Over the whole period it spent 8.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, James and Lynn Wojtyto Charitable Fund sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within RI. Charities of a similar size with the same main cause include Flushing Senior Citizens Inc ($335k), BFRC Associate Assistance Fund Inc ($335k) and Around Again ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $30k (19% of expenses). At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.