By the Way Inc

Analysis

By the Way Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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 September 2023, By the Way Inc reported income of $196k and spending of $206k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $171k to $196k (+15%), an average of +3.5% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, By the Way Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Real Life Ministries ($196k), Families of Children with Cancer Inc ($196k) and Gene Lewis Boxing Club ($196k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $535k against liabilities of $359k, net assets of $176k.