Wayne County Indiana Foundation Inc

Analysis

Wayne County Indiana Foundation Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in February 1979, 47 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 December 2023, Wayne County Indiana Foundation Inc reported income of $8.2m and spending of $4.4m, leaving 46% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $9.5m to $8.2m (-14%), an average of -5.0% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wayne County Indiana Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include University Impact Charitable TR ($8.2m), Coxhealth Foundation ($8.2m) and The Scioto County Area Foundation ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $220k (5.0% of expenses). Other salaries and wages came to $250k. At year end it held assets of $66.0m against liabilities of $520k, net assets of $65.5m. It reported 10 employees.