Wake Education Partnership

Analysis

Wake Education Partnership is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2023, Wake Education Partnership reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $627k to $1.2m (+99%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 112%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wake Education Partnership sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include St Francis School of Law ($1.2m), Los Angeles Christian School ($1.2m) and Uwua Power for America Training Trust Fund ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $149k (11% of expenses). Other salaries and wages came to $279k. At year end it held assets of $3.3m against liabilities of $334k, net assets of $2.9m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.