Wrec Educational Foundation Inc

Analysis

Wrec Educational Foundation Inc is a registered charity in United States, based in Dade City, FL. It received its IRS tax-exemption ruling in March 1998, 28 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, Wrec Educational Foundation Inc reported income of $1.9m and spending of $1.1m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wrec Educational Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Fenway Library Organization Inc ($1.9m), Childrens Academy at Loch Haven Inc ($1.9m) and Egremont Schools Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $8.7m against liabilities of $0, net assets of $8.7m.