Waterford Foundation for Public Education

Analysis

Waterford Foundation for Public Education is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Waterford Foundation for Public Education reported income of $122k and spending of $270k, spending 221% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $112k to $122k (+9.1%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 143% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waterford Foundation for Public Education sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Lead for America Corporation ($122k), New Paltz United Methodist Playschool Inc ($122k) and First Presbyterian Preschool of Morehead City NC Inc ($122k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 6.3% of the total. At year end it held assets of $2.0m against liabilities of $183k, net assets of $1.9m.