Friends of Wla

Analysis

Friends of Wla is a registered charity in United States, based in Woodbury, MN. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Wla reported income of $1.3m and spending of $1.1m, spending 86% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $3.0m to $1.3m (-55%), an average of -33% a year. The sharpest change came in the year to June 2022, when income dropped by 64%. 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, Friends of Wla 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 81st percentile within MN. Charities of a similar size with the same main cause include Deaf and Blind Pathways Foundation Inc ($1.3m), Southern Echo Inc ($1.3m) and Craven Smart Start Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $26.1m against liabilities of $24.3m, net assets of $1.8m.