Wharton Charitable Fund Inc

Organization Overview

Wharton Charitable Fund Inc is located in Memphis, TN. The organization was established in 2005. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wharton Charitable Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Wharton Charitable Fund Inc generated $12.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $18.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (20.3%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC AND EDUCATION ASSISTANCE

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE ECONOMIC ASSISTANCE AND EDUCATION TO THE POOR AND UNDER-PRIVILEDGED IN THE GREATER MEMPHIS COMMUNITY WITH PARTICULAR FOCUS ON THE YOUTH OF THE CITY.


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Board, Officers & Key Employees

Name (title)Compensation
A C Wharton Jr
Director
$0
Andre C Wharton
Dir./vice Char
$0
Ruby Wharton
Dir./chairman
$0
Monica N Wharton
Dir./sec./treas.
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$12,151
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,151
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,151

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