Wapakoneta Area Community Foundation

Analysis

Wapakoneta Area Community Foundation is a registered charity in United States, based in Wapakoneta, OH. It received its IRS tax-exemption ruling in August 1989, 37 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 May 2024, Wapakoneta Area Community Foundation reported income of $1.0m and spending of $561k, leaving 45% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $747k to $1.0m (+37%), an average of +8.1% a year. The sharpest change came in the year to May 2023, when income rose by 44%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wapakoneta Area Community Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include The Kansas City Symphony Foundation ($1.0m), Greene County Foundation Inc ($1.0m) and Ohio Childrens Foundation ($1.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 35% of the total. Other salaries and wages came to $28k. At year end it held assets of $7.8m against liabilities of $1,116, net assets of $7.8m. It reported 2 employees.