Waveny at Home Inc

Analysis

Waveny at Home Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Waveny at Home Inc reported income of $2.9m and spending of $2.8m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.7m to $2.9m (-22%), an average of -6.1% a year. The sharpest change came in the year to September 2023, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Waveny at Home Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Regional Health Reach Inc ($2.9m), Sumter County Commission on Alcohol and Drug Abuse ($2.9m) and Rural Health Network of Scny Inc ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $55k (2.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $206k against liabilities of $112k, net assets of $94k.