Waymakers Foundation

Analysis

Waymakers Foundation is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in May 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 Foundation reported income of $2.1m and spending of $2.1m, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.0m to $2.1m (+103%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waymakers Foundation 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 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Friends of Keter Torah Inc ($2.1m), Missouri Food Bank Association ($2.1m) and Bountiful Basket Food Shelf of Eastern Carver County ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $104k. It paid $11k in professional fundraising fees. At year end it held assets of $116k against liabilities of $5,200, net assets of $111k. It reported 5 employees.