Wned Foundation Inc

Analysis

Wned Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wned Foundation Inc reported income of $1.5m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.5m (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wned Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Uboratz Inc ($1.5m), Friends of The@young Audiences Charter Association ($1.5m) and Washington International Academy Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.3% of the total. At year end it held assets of $26.5m against liabilities of $601k, net assets of $25.9m.