Ray Wu Memorial Fund

Analysis

Ray Wu Memorial Fund is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2008, 18 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 2023, Ray Wu Memorial Fund reported income of $144k and spending of $164k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $172k to $144k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 500%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ray Wu Memorial Fund sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within GA. Charities of a similar size with the same main cause include Princeton Cannon Dial Elm Foundation a NJ Nonprofit Corporat ($144k), Maumee City Schools Foundation ($144k) and Murrieta Mesa Football Champions Club ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.