Wayfinder Family Services

Analysis

Wayfinder Family Services is a registered charity in United States, based in View Park, CA. It received its IRS tax-exemption ruling in November 1954, 72 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 June 2023, Wayfinder Family Services reported income of $47.3m and spending of $48.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.7m to $47.3m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wayfinder Family Services sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Nysarc Inc ($47.2m), Eastside Retirement Association ($47.3m) and Ena Incorporated ($47.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $972k (2.0% of expenses). Other salaries and wages came to $23.9m. At year end it held assets of $60.7m against liabilities of $7.4m, net assets of $53.3m. It reported 564 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.