East Wake Education Foundation

Analysis

East Wake Education Foundation is a registered charity in United States, based in Wendell, NC. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, East Wake Education Foundation reported income of $223k and spending of $259k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $144k to $223k (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, East Wake Education Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Chance of Change ($223k), Archibald Project Inc ($223k) and Milwaukee Chinese Community Centerinc ($223k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% of the total. Compensation of current officers, directors and key employees was $58k (22% of expenses). Other salaries and wages came to $91k. At year end it held assets of $367k against liabilities of $2,665, net assets of $364k. It reported 9 employees.