Wendys Subway Inc

Analysis

Wendys Subway Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wendys Subway Inc reported income of $260k and spending of $228k, spending 88% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $239k to $260k (+8.8%), an average of +4.3% a year. The sharpest change came in the year to June 2023, when income rose by 87%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wendys Subway Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Eleanor Roosevelt Val-Kill Partnership ($260k), J Kruse Education Center Inc ($260k) and Springfield Burying Ground Inc ($260k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $4,093 (1.8% of expenses). Other salaries and wages came to $22k. At year end it held assets of $71k against liabilities of $5,955, net assets of $65k.