Wasteless Solutions Inc

Analysis

Wasteless Solutions Inc is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 December 2023, Wasteless Solutions Inc reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $338k to $1.1m (+234%), an average of +83% a year. The sharpest change came in the year to December 2022, when income rose by 427%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wasteless Solutions Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within UT. Charities of a similar size with the same main cause include Homeless Childrens Playtime Project Inc ($1.1m), Atlantic Cape Family Support Organization Inc ($1.1m) and Red Wing Ignite ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $75k (7.0% of expenses). Other salaries and wages came to $64k. At year end it held assets of $107k against liabilities of -$8,491, net assets of $115k. It reported 4 employees.