Wayside Schools

Analysis

Wayside Schools is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wayside Schools reported income of $23.8m and spending of $23.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.2m to $23.8m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wayside Schools sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include University at Albany Foundation ($23.8m), Association for Diagnostics & Laboratory Medicine Inc ($23.8m) and Brooklyn Laboratory Charter Schools ($23.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $218k (0.9% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $43.4m against liabilities of $34.3m, net assets of $9.1m. It reported 409 employees.