Jay & Grace Wang Foundation
Only null% goes to programs Strong reserves Declining revenue
Jay & Grace Wang Foundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2023, with $64,760 in FY2023 revenue. CharityIndex grades it C+.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 92-0307119 Since 2023
Revenue (FY2023)
$65K
▼ 74.1% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$20K
Net assets
$290K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Jay & Grace Wang Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating177 mo reserves · +70% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Jay & Grace Wang Foundation: 177 mo reserves · +70% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Jay & Grace Wang Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Jay & Grace Wang Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $250K (FY2022) to $65K (FY2023) across 2 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $290K
Operating margin
69.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$290K
Total liabilities
$0
Net assets
$290K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $64,760▼74.1% | $19,613▲257% | $289,648▲18.5% | $289,648▲18.5% | 990PF |
| 2022 | $250,001 | $5,500 | $244,501 | $244,501 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Jay & Grace Wang Foundation a legitimate nonprofit?
- Yes. Jay & Grace Wang Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 92-0307119, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Jay & Grace Wang Foundation's EIN?
- Jay & Grace Wang Foundation's Employer Identification Number (EIN) is 92-0307119.
- How much revenue does Jay & Grace Wang Foundation report?
- Jay & Grace Wang Foundation reported $64,760 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Jay & Grace Wang Foundation have?
- CharityIndex grades Jay & Grace Wang Foundation C+, based on financial health (reserves and operating margin).
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Data for Jay & Grace Wang Foundation (EIN 92-0307119) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.