Wayseekers Ministry Inc

Analysis

Wayseekers Ministry Inc is a registered charity in United States, based in Mount Ida, AR. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover human services, 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 June 2024, Wayseekers Ministry Inc reported income of $137k and spending of $123k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $130k to $137k (+5.3%), an average of +5.3% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wayseekers Ministry Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within AR. Charities of a similar size with the same main cause include Naples Auto Donation Center Inc ($137k), Dayton Horse Show Association Inc ($137k) and Kcgcusa Inc ($137k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 38% of the total. At year end it held assets of $241k against liabilities of $116k, net assets of $125k.