The Wayne Council of Ptos Inc

Analysis

The Wayne Council of Ptos Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in July 1994, 32 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 June 2023, The Wayne Council of Ptos Inc reported income of $815k and spending of $792k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $815k (-43%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 121%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Wayne Council of Ptos Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Maharashtra Foundation ($814k), Friends of China Camp Inc ($815k) and Operation Cigars for Warriors ($814k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% of the total. Other salaries and wages came to $22k. At year end it held assets of $502k against liabilities of $0, net assets of $502k. It reported 1 employees.