Wayfaring Band Inc

Analysis

Wayfaring Band Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wayfaring Band Inc reported income of $426k and spending of $499k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $510k to $426k (-17%), an average of -4.4% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wayfaring Band Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Willa Road Childrens Center ($426k), Vaad Shadchunim ($426k) and Community Education Partnerships ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $94k (19% of expenses). Other salaries and wages came to $143k. At year end it held assets of $299k against liabilities of $297, net assets of $298k. It reported 21 employees.