Waynesboro Area Business Education and Community Foundation

Analysis

Waynesboro Area Business Education and Community Foundation is a registered charity in United States, based in Waynesboro, PA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Waynesboro Area Business Education and Community Foundation reported income of $71k and spending of $56k, leaving 21% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $115k to $71k (-38%), an average of -38% a year. The sharpest change came in the year to June 2024, when income dropped by 38%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waynesboro Area Business Education and Community Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Tri-County Literacy Center ($71k), Escala Foundation Inc ($71k) and Arizona International Academy Scholarship Fund ($71k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.