Wayne Pediatrics Inc

Analysis

Wayne Pediatrics Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2021, 5 years ago. 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 September 2023, Wayne Pediatrics Inc reported income of $1.6m and spending of $2.7m, spending 167% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $395k to $1.6m (+303%), an average of +101% a year. The sharpest change came in the year to September 2022, when income rose by 196%. Over the whole period it spent 229% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wayne Pediatrics Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include The Mustard Seed of Central Florida Inc ($1.6m), G D L Plaza Corp ($1.6m) and National Center for Equine Facilitated Therapy ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.1m against liabilities of $5.3m, net assets of -$4.2m. It reported 36 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.