George N Wernimont Educational Fund

Analysis

George N Wernimont Educational Fund is a registered charity in United States, based in Carroll, IA. It received its IRS tax-exemption ruling in June 1976, 50 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, George N Wernimont Educational Fund reported income of $928k and spending of $212k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $309k to $928k (+200%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 218%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, George N Wernimont Educational Fund sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include New Hope Development Day Care Center Inc ($928k), 437 Essex Inc ($928k) and Black Hills Soccer Federation Inc ($928k).

At year end it held assets of $2.5m against liabilities of $2,191, net assets of $2.5m.