Way Back Inc

Analysis

Way Back Inc is a registered charity in United States, based in PRT Jefferson, NY. It received its IRS tax-exemption ruling in February 1982, 44 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 December 2023, Way Back Inc reported income of $6.4m and spending of $6.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $6.4m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Way Back Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Project Just Because Inc ($6.4m), University Rehabilitation Alliance Inc ($6.5m) and Breckinridge-Grayson Programs Inc ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.3m (19% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $8.8m against liabilities of $2.2m, net assets of $6.6m. It reported 104 employees.