The Simple Way

Analysis

The Simple Way is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1998, 28 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, The Simple Way reported income of $806k and spending of $841k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $806k (+328%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 147%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Simple Way 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 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include The Childrens Center of Western North Carolina ($806k), Heartsent Adoptions Inc ($806k) and Faush-Metropolitan Manor ($805k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $37k (4.5% of expenses). Other salaries and wages came to $132k. At year end it held assets of $616k against liabilities of $13k, net assets of $603k. It reported 9 employees.