Waypoint Adventure

Analysis

Waypoint Adventure is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Waypoint Adventure reported income of $2.2m and spending of $1.5m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $678k to $2.2m (+220%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Waypoint Adventure sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Boys & Girls Clubs of Albany Inc ($2.2m), D R E a M Alive Inc ($2.2m) and Police Athlethic League of Wilmington Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $131k (8.9% of expenses). Other salaries and wages came to $622k. It paid $1,000 in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $88k, net assets of $1.6m. It reported 18 employees.