Wellesley Education Foundation Inc

Analysis

Wellesley Education Foundation Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in March 1986, 40 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 June 2023, Wellesley Education Foundation Inc reported income of $103k and spending of $221k, spending 214% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $331k to $103k (-69%), an average of -25% a year. The sharpest change came in the year to June 2021, when income rose by 128%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wellesley Education Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include The United Fund of Perry Oklahoma Incorporated ($103k), Prospect Park Termites ($103k) and Vincent P Gurucharri M D Foundation Inc ($103k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 125% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.