Wegene Ethiopian Foundation

Analysis

Wegene Ethiopian Foundation is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Wegene Ethiopian Foundation reported income of $338k and spending of $272k, spending 81% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $201k to $338k (+68%), an average of +14% a year. The sharpest change came in the year to May 2022, when income rose by 42%. Over the whole period it spent 74% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Wegene Ethiopian Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Seed Programs Inc ($338k), American Friends of Koidenov Inc ($338k) and Action of Solidarity Inc ($338k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $452k against liabilities of $2,806, net assets of $449k.