Wayword Inc

Analysis

Wayword Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Wayword Inc reported income of $267k and spending of $245k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $337k to $267k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wayword Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Stevie Rays Theatre Company ($267k), Mountain Time Arts ($267k) and Seven Loaves ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $184k (75% of expenses). At year end it held assets of $124k against liabilities of $0, net assets of $124k. It reported 4 employees.