Wa Sang Foundation

Analysis

Wa Sang Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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, Wa Sang Foundation reported income of $501k and spending of $486k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $569k to $501k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wa Sang Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include The Aslan Project Inc ($501k), University of South Los Angeles ($502k) and St Annes School Foundation of Houston ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 63% of the total. Other salaries and wages came to $15k. At year end it held assets of $3.3m against liabilities of $2.2m, net assets of $1.1m. It reported 1 employees.