Wax Family Fund

Analysis

Wax Family Fund is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in June 1991, 35 years ago. 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, Wax Family Fund reported income of $62k and spending of $53k, spending 85% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $12k to $62k (+419%), an average of +128% a year. The sharpest change came in the year to June 2022, when income rose by 484%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wax Family Fund sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include Alhambra Hearing Foundation Inc ($62k), Autism Society of Nebraska ($62k) and Faith Tabernacle ($62k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $589k against liabilities of $0, net assets of $589k.