Wishtoyo Foundation

Analysis

Wishtoyo Foundation is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Wishtoyo Foundation reported income of $1.9m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.6m to $1.9m (-89%), an average of -43% a year. The sharpest change came in the year to December 2022, when income rose by 1472%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wishtoyo Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include American West Heritage Foundation ($1.9m), Photographic Society of America ($1.9m) and Chicago Childrens Theatre ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $163k (9.4% of expenses). Other salaries and wages came to $758k. At year end it held assets of $30.7m against liabilities of $68k, net assets of $30.6m. It reported 27 employees.