Waverly Community Foundation

Analysis

Waverly Community Foundation is a registered charity in United States, based in Waverly, NE. It received its IRS tax-exemption ruling in September 1994, 32 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 June 2024, Waverly Community Foundation reported income of $185k and spending of $188k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $151k to $185k (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2023, when income rose by 221%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Waverly Community Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NE. Charities of a similar size with the same main cause include Givingforce USA Foundation ($185k), Elk Hill Farm Foundation ($185k) and Massillon Heritage Foundation Inc ($185k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.9% and program service revenue 31% of the total. Other salaries and wages came to $57k. At year end it held assets of $536k against liabilities of $674, net assets of $535k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.