Waymakers Center

Analysis

Waymakers Center is a registered charity in United States, based in Lafayette, TN. It received its IRS tax-exemption ruling in June 2020, 6 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, Waymakers Center reported income of $80k and spending of $104k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $232k to $80k (-65%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waymakers Center sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within TN. Charities of a similar size with the same main cause include Unique World Gifts Inc ($80k), Camp for Change Inc ($80k) and Red Rosebud Foundation ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $37k (36% of expenses). At year end it held assets of $220k against liabilities of $142k, net assets of $78k. It reported 2 employees.