Wayne Township Education Foundation Inc

Analysis

Wayne Township Education Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 1992, 34 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, Wayne Township Education Foundation Inc reported income of $319k and spending of $318k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $281k to $319k (+14%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wayne Township Education Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Rochester Academy of Medicine ($319k), Vashon Community Scholarship Foundation ($319k) and William F & Mary a Flenniken Public Library ($319k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $46k (14% of expenses). Other salaries and wages came to $14k. At year end it held assets of $2.2m against liabilities of $2,759, net assets of $2.2m. It reported 4 employees.