Wayfinder Schools

Analysis

Wayfinder Schools is a registered charity in United States, based in Camden, ME. It received its IRS tax-exemption ruling in December 1953, 73 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Wayfinder Schools reported income of $672k and spending of $823k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $672k (-62%), an average of -21% a year. The sharpest change came in the year to June 2020, when income dropped by 62%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wayfinder Schools sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include Christian Information and Service ($672k), Community Outreach Through Radical Empowerment ($673k) and Guide Dogs of Texas Inc ($672k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $97k (12% of expenses). Other salaries and wages came to $461k. At year end it held assets of $7.8m against liabilities of $39k, net assets of $7.8m. It reported 11 employees.