Universal Education Foundation Offort Wayne Inc

Analysis

Universal Education Foundation Offort Wayne Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in March 2007, 19 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, Universal Education Foundation Offort Wayne Inc reported income of $1.2m and spending of $162k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $1.2m (+910%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 540%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Universal Education Foundation Offort Wayne Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Colorado Alliance of Research Libraries ($1.2m), Seagle Music Colony Inc ($1.2m) and Chelco Foundation a Florida Corporation Not-For-Profit ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. Other salaries and wages came to $70k. At year end it held assets of $1.9m against liabilities of $17k, net assets of $1.9m.