Waypoint

Analysis

Waypoint is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in September 1942, 84 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 December 2023, Waypoint reported income of $28.0m and spending of $21.3m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.6m to $28.0m (+105%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waypoint sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NH. Charities of a similar size with the same main cause include Stonehill Franciscan Services ($27.9m), South Plains Food Bank Inc ($28.0m) and Sunshine Inc Residential and Support Services ($27.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $546k (2.6% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $38.2m against liabilities of $5.3m, net assets of $32.9m. It reported 331 employees.