Father Wasson Legacy Endowment Inc

Analysis

Father Wasson Legacy Endowment Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Father Wasson Legacy Endowment Inc reported income of $10.2m and spending of $1.1m, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.0m to $10.2m (+883%), an average of +77% a year. The sharpest change came in the year to June 2022, when income rose by 441%. Over the whole period it spent 20% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Father Wasson Legacy Endowment Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Fair Labor Association ($10.1m), Floresta USA Incorporated ($10.2m) and Alliance for Medical Outreach and Relief ($10.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% of the total. At year end it held assets of $13.7m against liabilities of $50k, net assets of $13.6m.