W I T Foundation Inc
Only null% goes to programs Growing revenue
W I T Foundation Inc is a 501(c)(3) organization based in New York, New York, registered in 1997, with $880,460 in FY2024 revenue. CharityIndex grades it D.
1375 Broadway Rm 1001, New York, NY, 10018 EIN 13-3929472 Since 1997
Revenue (FY2024)
$880K
▲ 6.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.1M
Net assets
$284K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 W I T Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating3 mo reserves · -29% 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 W I T Foundation Inc: 3 mo reserves · -29% margin earns a D 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 W I T Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 W I T Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1375 Broadway Rm 1001, New York, NY, 10018
- City
- New York
- State
- New York
- Subcategory
- Federated Giving Programs
- Website
- …
Financial trends
Revenue grew from $423K (FY2018) to $880K (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $187KNet assets $284K
Operating margin
-29.5%
Spent more than it raised in the latest fiscal year.
Total assets
$471K
Total liabilities
$187K
Net assets
$284K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $880,460▲6.2% | $1,140,089▲15.7% | $283,896▼47.8% | $470,585▼32.8% | 990 |
| 2023 | $828,764▼20.9% | $985,211▲20.5% | $543,525▼22.4% | $700,053▼10.8% | 990 |
| 2022 | $1,048,048▲48.9% | $817,290▲33.8% | $699,972▲49.2% | $784,375▲21.4% | 990 |
| 2021 | $703,985▲33.8% | $610,621▲25.5% | $469,214▲24.8% | $646,077▼2.4% | 990 |
| 2020 | $526,180▲9.1% | $486,616▲7.2% | $375,849▲11.8% | $661,665▲16.1% | 990 |
| 2019 | $482,078▲13.9% | $453,960▲26.6% | $336,285▲40.4% | $569,962▲24.6% | 990 |
| 2018 | $423,289 | $358,683 | $239,492 | $457,403 | 990 |
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.
Grants received · $13K total
2 grants to W I T Foundation Inc totaling $13K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $7,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $6,250 |
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Frequently asked questions
- Is W I T Foundation Inc a legitimate nonprofit?
- Yes. W I T Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3929472, based in New York, New York. Donations are tax-deductible.
- What is W I T Foundation Inc's EIN?
- W I T Foundation Inc's Employer Identification Number (EIN) is 13-3929472.
- How much revenue does W I T Foundation Inc report?
- W I T Foundation Inc reported $880,460 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does W I T Foundation Inc have?
- CharityIndex grades W I T Foundation Inc D, based on financial health (reserves and operating margin).
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Data for W I T Foundation Inc (EIN 13-3929472) 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.