Wakefield Educational Foundation Inc

Analysis

Wakefield Educational Foundation Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. 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 2023, Wakefield Educational Foundation Inc reported income of $59k and spending of $77k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $59k (+122%), an average of +122% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wakefield Educational Foundation Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Alternative Transportation for Chicagoland Inc ($59k), Tustin Area Senior Center Fund Inc ($59k) and Pennsylvania Psychological Foundation ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.