Wayland Community Pool Inc

Analysis

Wayland Community Pool Inc is a registered charity in United States, based in Wayland, MA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Wayland Community Pool Inc reported income of $880k and spending of $925k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $801k to $880k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wayland Community Pool Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include North Shore Holiday House Inc ($880k), Shippenburg Community Fair Inc ($880k) and Tam Cycling ($880k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Other salaries and wages came to $297k. At year end it held assets of $1.5m against liabilities of $657k, net assets of $794k. It reported 81 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.