Wespac Foundation Inc is a 501(c)(3) organization based in White Plains, New York, registered in 1982, with $3,988,831 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$4.0M
▲ 67.6% vs prior year
Expenses (FY2023)
$3.7M
Net assets
$929K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 Wespac 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 →
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 Wespac Foundation Inc: 3 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
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 Wespac 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 →
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 Wespac Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $678K (FY2013) to $4.0M (FY2023) across 10 reported years.
Financial snapshot
Operating margin
7.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0M
Total liabilities
$1.1M
Net assets
$929K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,988,831▲67.6% | $3,709,621▲108% | $928,522▼44.1% | $2,042,691▲22.7% | 990 |
| 2022 | $2,379,650▲122% | $1,783,917▲67.8% | $1,662,089▲56.1% | $1,665,048▲56.0% | 990 |
| 2021 | $1,071,720▲68.6% | $1,063,135▲231% | $1,064,808▲0.8% | $1,067,676▲1.0% | 990 |
| 2020 | $635,678▲54.6% | $321,589▲0.6% | $1,056,223▲42.3% | $1,056,610▲42.2% | 990 |
| 2019 | $411,082▼1.6% | $319,642▼24.6% | $742,132▲14.1% | $742,908▲14.1% | 990 |
| 2018 | $417,953▼1.3% | $423,897▲21.1% | $650,692▼0.6% | $651,098▼0.9% | 990 |
| 2017 | $423,299▲17.5% | $349,974▼15.6% | $654,864▲12.9% | $657,043▲13.0% | 990 |
| 2016 | $360,122▼34.3% | $414,702▼31.4% | $579,940▼8.6% | $581,711▼8.3% | 990 |
| 2015 | $548,102▼19.1% | $604,620▲58.8% | $634,520▲58.4% | $634,240▲57.8% | 990 |
| 2013 | $677,548 | $380,749▲24.2% | $400,683▲286% | $401,982▲281% | 990 |
| 2012 | — | $306,679▲70.2% | $103,884▲4.6% | $105,411▲4.9% | 990 |
| 2011 | — | $180,141▲55.9% | $99,350▲117% | $100,481▲114% | 990 |
| 2009 | — | $115,517 | $45,696 | $47,020 | 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.
44 grants to Wespac Foundation Inc totaling $2.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Kansas City Community Foundation | Public, societal benefit | 2024 | $1,050,150 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2024 | $50,000 |
| Proteus Fund Inc | Rights & justice | 2024 | $42,700 |
| Amalgamated Charitable Foundation Inc | General operating support and project support | 2024 | $37,000 |
| American Online Giving Foundation Inc | General support | 2024 | $24,668 |
| Tides Center | Equity, human rights, and economic empowerment | 2024 | $17,500 |
| Greater Washington Community Foundation | General support | 2024 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $192,750 |
| Ndn Collective Inc | President's partnership fund | 2023 | $75,000 |
| Amalgamated Charitable Foundation Inc | General operating support and project support | 2023 | $74,000 |
| Rockefeller Philanthropy Advisors Inc | General | 2023 | $60,000 |
| Proteus Fund Inc | Rights & justice | 2023 | $53,000 |
| Proteus Fund Inc | Rights & justice | 2023 | $53,000 |
| American Online Giving Foundation Inc | General support | 2023 | $47,676 |
| San Francisco Foundation | To support youth organizing. to advance human rights. to support women's rights. | 2023 | $42,000 |
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Data for Wespac Foundation Inc (EIN 13-3109400) 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.