Wayne Community Schools Foundation

Analysis

Wayne Community Schools Foundation is a registered charity in United States, based in Wayne, NE. It received its IRS tax-exemption ruling in December 1988, 38 years ago. 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 Community Schools Foundation reported income of $470k and spending of $296k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $470k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wayne Community Schools Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NE. Charities of a similar size with the same main cause include American Chinese School ($470k), William Paterson University Auxil Organization ($470k) and Tuscarawas Society for Children & Adults Inc ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $28k. At year end it held assets of $1.1m against liabilities of $1,099, net assets of $1.1m. It reported 1 employees.