Wayside Out-Reach Development Inc

Analysis

Wayside Out-Reach Development Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2000, 26 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, Wayside Out-Reach Development Inc reported income of $4.3m and spending of $4.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.1m to $4.3m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2021, when income dropped by 31%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wayside Out-Reach Development Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Stepping Stones Inc ($4.3m), Montgomery Area Family Violence & Program Inc ($4.3m) and Family F O C U S ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $82k (1.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $786k against liabilities of $1.1m, net assets of -$280k. It reported 55 employees.

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.