Waycraft Inc

Analysis

Waycraft Inc is a registered charity in United States, based in Bucyrus, OH. It received its IRS tax-exemption ruling in September 1969, 57 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Waycraft Inc reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $945k to $1.1m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waycraft Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include United Power for Action & Justice Inc ($1.1m), Metals Innovation Initiative Inc ($1.1m) and American Board of Pediatrics Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 102% of the total. Compensation of current officers, directors and key employees was $52k (5.0% of expenses). Other salaries and wages came to $693k. At year end it held assets of $957k against liabilities of $160k, net assets of $798k. It reported 86 employees.