Nina and Norman Wain Family Foundation

Analysis

Nina and Norman Wain Family Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1997, 29 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nina and Norman Wain Family Foundation reported income of $98k and spending of $150k, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $28k to $98k (+252%), an average of +37% a year. The sharpest change came in the year to June 2021, when income rose by 1289%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nina and Norman Wain Family Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within OH. Charities of a similar size with the same main cause include United Way of Taylor County Inc ($97k), Kootenai Electric Trust Inc ($98k) and Supporting the Stranger Inc ($97k).

At year end it held assets of $2.5m against liabilities of $97k, net assets of $2.4m.