Will Allen Foundation

Analysis

Will Allen Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 August 2023, Will Allen Foundation reported income of $440k and spending of $210k, leaving 52% of income unspent that year. Across the 3 years on record, from December 2021 to August 2023, income grew from $255k to $440k (+72%), an average of +31% a year. The sharpest change came in the year to August 2023, when income rose by 116%. Over the whole period it spent 74% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Will Allen Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Logosdor Inc ($440k), Centennial Youth Baseball-Softballassociation ($440k) and Literacy and Beyond Inc ($439k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $50k (24% of expenses). Other salaries and wages came to $44k. At year end it held assets of $373k against liabilities of $28k, net assets of $344k. It reported 2 employees.