Waypoint Maine Inc

Analysis

Waypoint Maine Inc is a registered charity in United States, based in Sanford, ME. It received its IRS tax-exemption ruling in January 1968, 58 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, Waypoint Maine Inc reported income of $20.2m and spending of $20.1m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $19.2m to $20.2m (+5.2%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waypoint Maine Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within ME. Charities of a similar size with the same main cause include Feeding the Foothills ($20.2m), Stoneridge Retirement Living ($20.2m) and Developmental Services of Northwest Kansas Inc ($20.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $142k (0.7% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $39.0m against liabilities of $1.5m, net assets of $37.5m. It reported 395 employees.