The Wayside Inn

Analysis

The Wayside Inn is a registered charity in United States, based in Sudbury, MA. It received its IRS tax-exemption ruling in March 1948, 78 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, The Wayside Inn reported income of $2.0m and spending of $2.2m, spending 105% of what it took in. Across the 5 years on record, from February 2019 to February 2023, income grew from $1.9m to $2.0m (+7.2%), an average of +1.7% a year. The sharpest change came in the year to February 2022, when income rose by 429%. 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, The Wayside Inn sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Aspect Foundation Inc ($2.0m), Los Angeles Boys & Girls Club ($2.0m) and The Triad Health Project ($2.0m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 12% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $172k (8.0% of expenses). Other salaries and wages came to $644k. At year end it held assets of $3.8m against liabilities of $911k, net assets of $2.9m. It reported 165 employees.