Wayne County Community Foundation

Analysis

Wayne County Community Foundation is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Wayne County Community Foundation reported income of $3.0m and spending of $1.5m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $3.0m (+163%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wayne County Community Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Air International ($3.0m), Community Foundation of West Alabama ($3.0m) and Arnold & Winnie Palmer Foundation Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $85k (5.5% of expenses). Other salaries and wages came to $79k. At year end it held assets of $12.1m against liabilities of $98k, net assets of $12.0m. It reported 2 employees.