Way Station

Analysis

Way Station is a registered charity in United States, based in Columbiana, OH. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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, Way Station reported income of $1.7m and spending of $1.1m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $1.7m (+351%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 180%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Way Station sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include First Baptist Preschool of Portland ($1.7m), Operation Shower ($1.7m) and Center for Leadership in School Reform Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $90k (7.9% of expenses). Other salaries and wages came to $190k. At year end it held assets of $1.3m against liabilities of $635k, net assets of $710k. It reported 20 employees.