Wayland Mennonite Home Association

Analysis

Wayland Mennonite Home Association is a registered charity in United States, based in Wayland, IA. It received its IRS tax-exemption ruling in May 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wayland Mennonite Home Association reported income of $3.1m and spending of $3.4m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.1m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wayland Mennonite Home Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include Food Pantries of the Capital Dist Inc ($3.1m), Dubuque Community Y ($3.1m) and The Womens Center Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $128k (3.8% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.3m against liabilities of $1.1m, net assets of $2.2m. It reported 63 employees.