Wakway Inc

Analysis

Wakway Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in January 2017, 9 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 December 2023, Wakway Inc reported income of $394k and spending of $163k, leaving 59% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $499k to $394k (-21%), an average of -7.5% a year. The sharpest change came in the year to December 2023, when income rose by 642%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wakway Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within AZ. Charities of a similar size with the same main cause include The Dale County Rescue Mission ($394k), Tracy Kids World ($394k) and Douglas Braxton Inc ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $263k against liabilities of $14k, net assets of $249k.