Team Wayland Inc

Analysis

Team Wayland Inc is a registered charity in United States, based in Wayland, MA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Team Wayland Inc reported income of $78k and spending of $69k, spending 89% of its income. Across the 2 years on record, from July 2020 to July 2023, income grew from $40k to $78k (+92%), an average of +92% a year. The sharpest change came in the year to July 2023, when income rose by 92%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Team Wayland Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Van Buren School District Education Foundation Inc ($78k), Early Childhood Parent Organization Inc ($78k) and Virginia Association of Trade and Industrial Educators ($78k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 4.7% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.