Waycross Inc

Analysis

Waycross Inc is a registered charity in United States, based in Morgantown, IN. It received its IRS tax-exemption ruling in June 1961, 65 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2021, Waycross Inc reported income of $926k and spending of $890k, spending 96% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $1.2m to $926k (-21%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 206%. Over the whole period it spent 119% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waycross Inc 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 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Mid American District Hockey Inc ($926k), Southwest Athletics Inc ($927k) and Tosa Curl Inc ($925k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 70% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $64k (7.2% of expenses). Other salaries and wages came to $249k. At year end it held assets of $3.5m against liabilities of $361k, net assets of $3.2m. It reported 33 employees.