Wex Foundation

Analysis

Wex Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Wex Foundation reported income of $251k and spending of $260k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $525k to $251k (-52%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wex Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Kingsport Christian Academy ($251k), Yes We Can World Foundation ($251k) and Phantom Airborne Brigade Inc ($251k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (20% of expenses). Other salaries and wages came to $24k. At year end it held assets of $153k against liabilities of $36k, net assets of $117k. It reported 7 employees.