Friends of the University of Waterloo Foundation

Analysis

Friends of the University of Waterloo Foundation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Friends of the University of Waterloo Foundation reported income of $423k and spending of $513k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $436k to $423k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the University of Waterloo Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Marshallese Youth of Orange County ($423k), Bioquest Curriculum Consortium ($423k) and LGBTQ Community Center Fund ($423k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. At year end it held assets of $208k against liabilities of $229k, net assets of -$21k.