Washington Apple Education Foundation

Analysis

Washington Apple Education Foundation is a registered charity in United States, based in Wenatchee, WA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Washington Apple Education Foundation reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.8m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Washington Apple Education Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Optimist International Foundation ($1.8m), The Woodmark Group ($1.8m) and Sisters of St Joseph Charitable Fund Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $119k (7.1% of expenses). Other salaries and wages came to $206k. At year end it held assets of $9.2m against liabilities of $3.9m, net assets of $5.3m. It reported 4 employees.