Wafer Inc

Analysis

Wafer Inc is a registered charity in United States, based in LA Crosse, WI. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Wafer Inc reported income of $1.5m and spending of $1.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $1.5m (+303%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wafer Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Clara Barton Day Care Center Inc ($1.5m), Genesis of Pittsburgh Inc ($1.5m) and Ride with US Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $216k. It paid $31k in professional fundraising fees. At year end it held assets of $5.4m against liabilities of $1.8m, net assets of $3.6m. It reported 18 employees.