Wyomissing Area Education Foundation Inc

Analysis

Wyomissing Area Education Foundation Inc is a registered charity in United States, based in Wyomissing, PA. It received its IRS tax-exemption ruling in January 1996, 30 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 June 2023, Wyomissing Area Education Foundation Inc reported income of $246k and spending of $233k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $251k to $246k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wyomissing Area Education Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Plano Works Leadership Foundation ($246k), Bull Frogs & Little Fishes Preschool ($246k) and Arts Cheyenne ($246k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $64k (27% of expenses). Other salaries and wages came to $13k. At year end it held assets of $1.2m against liabilities of $30k, net assets of $1.2m. It reported 2 employees.