Waggaman Community Foundation

Analysis

Waggaman Community Foundation is a registered charity in United States, based in Waggaman, LA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Waggaman Community Foundation reported income of $346k and spending of $295k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $346k (+164%), an average of +164% a year. The sharpest change came in the year to December 2023, when income rose by 164%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waggaman Community Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within LA. Charities of a similar size with the same main cause include The Greater Richmond Chamber Foundation ($346k), Kendallville Restorations Inc ($346k) and Manhattan Valley Development Corporation ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.