Wai-Iam Inc

Analysis

Wai-Iam Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Wai-Iam Inc reported income of $1.6m and spending of $1.7m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Wai-Iam Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Corrections Foundation Inc ($1.6m), Helpage USA Inc ($1.6m) and Municipal Police Institute Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $322k (19% of expenses). Other salaries and wages came to $616k. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $117k. It reported 27 employees.