The Waysmeet Center

Analysis

The Waysmeet Center is a registered charity in United States, based in Durham, NH. It received its IRS tax-exemption ruling in January 1982, 44 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, The Waysmeet Center reported income of $127k and spending of $146k, spending 115% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $218k to $127k (-42%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Waysmeet Center sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within NH. Charities of a similar size with the same main cause include Cascade K-8 Ptsa ($127k), 6 Mile Ministries LLC ($127k) and Altama Museum of Art & History ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $358k against liabilities of $22k, net assets of $335k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.