Wayside House Inc

Analysis

Wayside House Inc is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in February 1973, 53 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, Wayside House Inc reported income of $9.2m and spending of $8.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $9.2m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wayside House Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Mental Health for Children Inc ($9.2m), Lake Region Corporation ($9.2m) and Advocate Program Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $321k (3.6% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $5.0m against liabilities of $3.7m, net assets of $1.3m. It reported 160 employees.