Another Way Inc

Analysis

Another Way Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Another Way Inc reported income of $627k and spending of $592k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $507k to $627k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Another Way Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within VT. Charities of a similar size with the same main cause include Fort Wayne Dance Collective Inc ($627k), Ace Mentor Program of America Inc ($627k) and Pocket Volunteer Fire Department Inc ($627k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $338k. At year end it held assets of $573k against liabilities of $210k, net assets of $363k. It reported 38 employees.