Wayne Education Foundation Inc

Analysis

Wayne Education Foundation Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in September 2012, 14 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, Wayne Education Foundation Inc reported income of $104k and spending of $101k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $4,668 to $104k (+2118%), an average of +2118% a year. The sharpest change came in the year to June 2023, when income rose by 2118%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wayne Education Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Sierra Madre College Preparatory School ($104k), South Platte Early Learning Programs ($104k) and Nightcourt ($104k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 109% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.