Way Home Inc

Analysis

Way Home Inc is a registered charity in United States, based in Georgetown, DE. It received its IRS tax-exemption ruling in October 2006, 20 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 Home Inc reported income of $501k and spending of $475k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $501k (+71%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Way Home Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 65th percentile within DE. Charities of a similar size with the same main cause include Florida Coalition for Children Foundation Inc ($501k), Everest Foundation for Family Enrichment ($501k) and Bravelove Inc ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Other salaries and wages came to $231k. At year end it held assets of $725k against liabilities of $257k, net assets of $468k. It reported 8 employees.