Wayne Group Home Corporation

Analysis

Wayne Group Home Corporation is a registered charity in United States, based in Hackensack, NJ. It received its IRS tax-exemption ruling in February 1996, 30 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, Wayne Group Home Corporation reported income of $72k and spending of $65k, spending 91% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $83k to $72k (-13%), an average of -13% a year. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wayne Group Home Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Living Out 318 Ministries ($72k), Eyes of Mercy Inc ($72k) and Matthew 25 Ministries ($72k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 30% of the total. At year end it held assets of $185k against liabilities of $137k, net assets of $48k.