Wayside Out Reach Development Inc
Wayside Out Reach Development Inc faces recurring operational deficits and increasing liabilities.
EIN: 113528680 · Brooklyn, NY · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $4.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $-280,280 |
| Transparency Score | 65/100 |
Is Wayside Out Reach Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wayside Out Reach Development Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wayside Out Reach Development Inc
Wayside Out Reach Development Inc (EIN: 113528680) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P20. The organization reported total revenue of $3.1M and total assets of $388K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wayside Out Reach Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wayside Out Reach Development Inc is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-144,261 |
| Total Assets | $786K |
| Total Liabilities | $1.1M |
| Net Assets | $-280,280 |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 135.7% |
| Months of Reserves | 2.1 months |
Financial Health Grade: D
In 2023, Wayside Out Reach Development Inc reported a deficit of $144K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 135.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wayside Out Reach Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | +1.6% | -3.6% |
| 2022 | +7.1% | +3.1% | +30.6% |
| 2021 | -30.6% | -23.6% | -52.5% |
| 2020 | +10.2% | +17.4% | -14.1% |
| 2019 | -0.1% | +3.9% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wayside Out Reach Development Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Wayside Out Reach Development Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $144K, with expenses exceeding revenue.
- Debt-to-asset ratio: 135.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of this size with revenues often exceeding $4 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Wayside Out Reach Development Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $144,261 deficit in 2023).
- Liabilities exceeding assets in the most recent filing ($1,066,104 liabilities vs. $785,824 assets in 2023).
- Significant fluctuation and overall decline in assets from a peak of $1.57M in 2018 to $0.78M in 2023.
- Unusual 0% officer compensation reported across all filings for an organization with multi-million dollar revenues.
Strengths
The following positive indicators were identified for Wayside Out Reach Development Inc:
- Consistent multi-million dollar revenue generation over more than a decade.
- Long filing history (13 filings) indicating sustained operation and compliance.
- No reported officer compensation, suggesting a strong commitment to directing funds to programs.
Frequently Asked Questions about Wayside Out Reach Development Inc
Is Wayside Out Reach Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wayside Out Reach Development Inc (EIN: 113528680) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Wayside Out Reach Development Inc spend its money?
Wayside Out Reach Development Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wayside Out Reach Development Inc tax-deductible?
Wayside Out Reach Development Inc is registered as a tax-exempt nonprofit (EIN: 113528680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wayside Out Reach Development Inc CEO make?
Wayside Out Reach Development Inc's highest-compensated officer earns $4 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wayside Out Reach Development Inc's spending goes to programs?
Wayside Out Reach Development Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wayside Out Reach Development Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Wayside Out Reach Development Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wayside Out Reach Development Inc located?
Wayside Out Reach Development Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113528680. It is classified under NTEE code P20.
How many years of IRS 990 filings does Wayside Out Reach Development Inc have?
Wayside Out Reach Development Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.1M in total revenue.
How does Wayside Out Reach Development Inc cover its consistent operational deficits?
The filings show expenses frequently exceeding revenue, particularly in the last three years. This suggests the organization may be drawing down reserves, relying on prior year surpluses, or incurring debt to cover operational costs, as evidenced by fluctuating asset and liability figures.
What is the long-term strategy for managing increasing liabilities?
Liabilities have shown an upward trend, reaching $1,066,104 in 2023, which exceeded assets. This raises concerns about the organization's financial solvency and its ability to meet its obligations without a clear strategy for liability reduction.
Who is responsible for executive leadership if officer compensation is 0%?
The consistent 0% officer compensation is highly unusual for an organization of this scale. It suggests that leadership may be entirely volunteer-based, compensated through other means not reported as officer compensation, or that the reporting is incomplete regarding leadership costs.
Filing History
IRS 990 filing history for Wayside Out Reach Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wayside Out Reach Development Inc's revenue has grown by 25.7%, moving from $3.4M to $4.3M. Total assets decreased by 3.1% over the same period, from $811K to $786K. Total functional expenses rose by 25.4%, from $3.6M to $4.5M. In its most recent filing year (2023), Wayside Out Reach Development Inc reported a deficit of $144K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $786K in assets (debt-to-asset ratio: 135.7%), resulting in net assets of $-280,280.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $4.5M | $786K | $1.1M | — | — |
| 2022 | $4.2M | $4.4M | $815K | $951K | — | View 990 |
| 2021 | $3.9M | $4.3M | $625K | $311K | — | — |
| 2020 | $5.6M | $5.6M | $1.3M | $607K | — | View 990 |
| 2019 | $5.1M | $4.8M | $1.5M | $821K | — | View 990 |
| 2018 | $5.1M | $4.6M | $1.6M | $1.2M | — | View 990 |
| 2017 | $4.3M | $4.3M | $893K | $715K | — | View 990 |
| 2016 | $4.6M | $4.6M | $1.1M | $955K | — | View 990 |
| 2015 | $4.4M | $4.1M | $826K | $727K | — | View 990 |
| 2014 | $4.1M | $3.9M | $498K | $635K | — | View 990 |
| 2013 | $3.9M | $3.8M | $762K | $996K | — | View 990 |
| 2012 | $3.4M | $3.5M | $858K | $1.1M | — | View 990 |
| 2011 | $3.4M | $3.6M | $811K | $902K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $4.5M, and assets of $786K (revenue +4.3% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.4M, and assets of $815K (revenue +7.1% year-over-year).
- 2021: Revenue of $3.9M, expenses of $4.3M, and assets of $625K (revenue -30.6% year-over-year).
- 2020: Revenue of $5.6M, expenses of $5.6M, and assets of $1.3M (revenue +10.2% year-over-year).
- 2019: Revenue of $5.1M, expenses of $4.8M, and assets of $1.5M (revenue -0.1% year-over-year).
- 2018: Revenue of $5.1M, expenses of $4.6M, and assets of $1.6M (revenue +17.0% year-over-year).
- 2017: Revenue of $4.3M, expenses of $4.3M, and assets of $893K (revenue -4.8% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.6M, and assets of $1.1M (revenue +4.9% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.1M, and assets of $826K (revenue +6.5% year-over-year).
- 2014: Revenue of $4.1M, expenses of $3.9M, and assets of $498K (revenue +5.8% year-over-year).
- 2013: Revenue of $3.9M, expenses of $3.8M, and assets of $762K (revenue +14.5% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.5M, and assets of $858K (revenue -2.2% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.6M, and assets of $811K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wayside Out Reach Development Inc:
Data Sources and Methodology
This transparency report for Wayside Out Reach Development Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.