The purpose of the organization is a private foundation funded by the Williams family in which funds will be distributed to other IRS 501c3 organizations for charitable causes with oversight using a Certified Public Accountant.
WILLIAMS FAMILY FOUNDATION INC is a based in DOWNEY, CA, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Independent Foundations. Established in March 2019, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,548,822 among 2,656,690 nonprofits nationally (Top 96%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 237,508 out of 275,729 organizations in CA (Top 87%).
In los angeles county, CA, the organization ranks 70,012 out of 71,287 nonprofits by assets (Top 99%), while locally in downey, it stands at 502 among 523 organizations (Top 96%).
The organization reported no revenue in the most recent filing period, placing it at 2,021,464 nationally and 239,718 in CA.
Within its specific NTEE classification (T22 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 25,677 similar organizations, WILLIAMS FAMILY FOUNDATION INC ranks 24,970 in assets (Top 98%) and 21,552 in revenue (Top 84%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2022 .
The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
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