Wakefield High School Education Foundation

Analysis

Wakefield High School Education Foundation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in June 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wakefield High School Education Foundation reported income of $922k and spending of $509k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $223k to $922k (+313%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 147%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wakefield High School Education Foundation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Foundation at Highland Park Presbyterian Church ($922k), Point Lobos Foundation ($922k) and Indianapolis City Market Corp ($922k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.4m against liabilities of $679k, net assets of $708k.