Wayforward Adventures Inc

Analysis

Wayforward Adventures Inc is a registered charity in United States, based in Del Norte, CO. It received its IRS tax-exemption ruling in June 2014, 12 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 September 2023, Wayforward Adventures Inc reported income of $1.2m and spending of $734k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2019 to September 2023, income fell from $1.3m to $1.2m (-9.6%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 50% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wayforward Adventures Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include Bristol Recreation Advisory Council ($1.2m), Bridgerland Community Ice Arena ($1.2m) and Oklahoma High School Rodeo Association ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $140k (19% of expenses). Other salaries and wages came to $247k. At year end it held assets of $2.6m against liabilities of $124k, net assets of $2.4m. It reported 31 employees.