Wyman Center Inc

Analysis

Wyman Center Inc is a registered charity in United States, based in Wildwood, MO. It received its IRS tax-exemption ruling in October 1941, 85 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 2023, Wyman Center Inc reported income of $5.6m and spending of $5.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.9m to $5.6m (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wyman Center Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include Bethesda Soccer Club Inc ($5.5m), Georgia State Golf Association Inc ($5.6m) and Sail Newport Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $819k (14% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $8.8m against liabilities of $1.8m, net assets of $7.1m. It reported 126 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.