The Wasteshed

Analysis

The Wasteshed is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2015, 11 years ago. 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 June 2023, The Wasteshed reported income of $385k and spending of $488k, spending 127% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $395k to $385k (-2.5%), an average of -2.5% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Wasteshed sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Josephine Kernes Memorial Pool ($385k), Portland Fruit Tree Project ($385k) and Volunteers of America Inc ($384k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% and program service revenue 13% of the total. Other salaries and wages came to $331k. At year end it held assets of $262k against liabilities of $263k, net assets of -$1,102. It reported 12 employees.