Wayside House Inc

Analysis

Wayside House Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in September 1975, 51 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, Wayside House Inc reported income of $5.2m and spending of $5.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $5.2m (+86%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wayside House Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Catholic Charities Foundation ($5.2m), Mendocino Food and Nutrition Program ($5.2m) and Phi Beta Kappa Society ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $109k (2.1% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $2.7m against liabilities of $410k, net assets of $2.3m. It reported 52 employees.