Wenatchee Valley College Foundation Inc

Analysis

Wenatchee Valley College Foundation Inc is a registered charity in United States, based in Wenatchee, WA. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wenatchee Valley College Foundation Inc reported income of $2.5m and spending of $1.9m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $2.5m (+121%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wenatchee Valley College Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include The Vine Christian Academy Inc ($2.5m), West Virginia Academy Ltd ($2.5m) and Episcopal Day School Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $123k (6.5% of expenses). Other salaries and wages came to $178k. At year end it held assets of $12.0m against liabilities of $605k, net assets of $11.3m.