Wayne Cares Inc

Analysis

Wayne Cares Inc is a registered charity in United States, based in Wayne, PA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Wayne Cares Inc reported income of $188k and spending of $180k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $243k to $188k (-23%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wayne Cares Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Washington Rheumatology Alliance ($188k), Suzerain ($188k) and Next Step Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.