Wayne State Foundation

Analysis

Wayne State Foundation is a registered charity in United States, based in Wayne, NE. It received its IRS tax-exemption ruling in June 1963, 63 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wayne State Foundation reported income of $6.4m and spending of $5.8m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.7m to $6.4m (+36%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wayne State Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within NE. Charities of a similar size with the same main cause include Utah Healthcare Institute Inc ($6.4m), Virginia New Majority Education Fund ($6.4m) and School-To-School International ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $174k (3.0% of expenses). Other salaries and wages came to $450k. At year end it held assets of $41.1m against liabilities of $260k, net assets of $40.8m. It reported 7 employees.