Wilkes Education Foundation Inc

Analysis

Wilkes Education Foundation Inc is a registered charity in United States, based in N Wilkesboro, NC. It received its IRS tax-exemption ruling in March 1986, 40 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 December 2023, Wilkes Education Foundation Inc reported income of $119k and spending of $177k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $119k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 340%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wilkes Education Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Little League Baseball Inc ($119k), Disciple Renewal Inc ($119k) and KCC Academy Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.