Wayne Health Foundation Inc

Analysis

Wayne Health Foundation Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in June 1991, 35 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, Wayne Health Foundation Inc reported income of $2.6m and spending of $2.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $799k to $2.6m (+231%), an average of +35% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wayne Health Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Heartland Homes - Options in Community Living Inc ($2.6m), Clay Senior and Community Services Inc ($2.6m) and Wildwood Sanitarium Incorporated ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.7m against liabilities of $76k, net assets of $1.7m.