Wakami Foundation

Analysis

Wakami Foundation is a registered charity in United States, based in Buffalo, MN. It received its IRS tax-exemption ruling in August 2017, 9 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 December 2023, Wakami Foundation reported income of $213k and spending of $242k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $207k to $213k (+3.1%), an average of +3.1% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wakami 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 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Queens Community Workers Inc ($213k), Beckham Ridge Ministries ($213k) and Midlothian Senior Citizens Center Incorporated ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,113 against liabilities of $0, net assets of $8,113.