Wayne Hostels Holding Inc

Analysis

Wayne Hostels Holding Inc is a registered charity in United States, based in Newark, NY. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Wayne Hostels Holding Inc reported income of $62k and spending of $47k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $229k to $62k (-73%), an average of -28% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. 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, Wayne Hostels Holding Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Ohio Modified Truck and Tractor Pulling Assc ($62k), Helping Hands Pantry and Thrift Shop a Non Profit Corporation ($62k) and Texline Senior Citizen-Community Center Association Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $2.6m against liabilities of $414k, net assets of $2.1m.