Wright Way Foundation

Analysis

Wright Way Foundation is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Wright Way Foundation reported income of $177k and spending of $105k, leaving 41% of income unspent that year. Over the whole period it spent 59% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wright Way Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within WA. Charities of a similar size with the same main cause include West Portsmouth Youth Basketballassociation Inc ($177k), Kingwood Girls Softball Inc ($177k) and Summit Basketball Club ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 133% of the total. Compensation of current officers, directors and key employees was $12k (11% of expenses). At year end it held assets of $80k against liabilities of $7,875, net assets of $72k.