Way Station Inc

Analysis

Way Station Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in May 1980, 46 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 June 2023, Way Station Inc reported income of $43.6m and spending of $42.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.6m to $43.6m (+23%), an average of +5.2% a year. 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, Way Station Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Good Food Institute Inc ($43.6m), Depelchin Childrens Center ($43.6m) and Bay Aging ($43.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Other salaries and wages came to $27.8m. At year end it held assets of $55.1m against liabilities of $21.6m, net assets of $33.4m. It reported 730 employees.