Waypoint Services for Women Children and Families

Analysis

Waypoint Services for Women Children and Families is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in July 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Waypoint Services for Women Children and Families reported income of $6.6m and spending of $7.8m, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $8.4m to $6.6m (-22%), an average of -7.9% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waypoint Services for Women Children and Families 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 93rd percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include City Relief Inc ($6.6m), East Bay Service to the Development Disabled ($6.6m) and Gateway Center of Monterey County Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $323k (4.1% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $12.1m against liabilities of $305k, net assets of $11.8m. It reported 175 employees.