Financials
Wayside Christian Mission is recognized both as a nonprofit organization under section 501(c)(3) and as a church under section 509(a)(1) of the Internal Revenue Code.
With this recognition, the Mission manages its finances in accordance with strict standards of accountability and sustainability.
Our organization undergoes an external audit by MCM CPAs & Advisors LLP upon the conclusion of every fiscal year. In addition, government agencies regularly perform their due diligence by monitoring the Mission’s expenditure of grant funds they have awarded.
The Mission has established ancillary businesses such as a thrift store, a hotel with lodging, restaurant and banquet functions, extended stay housing, and newspaper and vending operations to enable homeless clients to learn job skills and to provide additional revenue for shelter operations.
As a result, business and program service income constitutes a large source, yet still a minority, of the Mission’s revenue. The next two substantial sources, in order, are grants/awards/estates and contributions from individuals.
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Wayside is blessed to have an exceptionally diversified portfolio of revenue sources. We are equally grateful to all who provide support for our efforts to serve our clients. More importantly, we make the same promise to all supporters. We will use their dollars in accordance with any designations they may specify and within the parameters of any contracts we may sign.
Our expense portfolio is as sharply focused as our revenue portfolio is diversified. 90.53% of our revenue supports program services while only 6.99% and 2.48% respectively take care of our management/general and fundraising expenses.
In accordance with the Internal Revenue Code, your charitable contributions are tax deductible to the fullest extent permitted by law, and we are grateful for your contributions regardless of their size or your expectations regarding their use.