Friends of the Way Incorporated

Analysis

Friends of the Way Incorporated is a registered charity in United States, based in W Bridgewater, MA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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 2021, Friends of the Way Incorporated reported income of $54k and spending of $62k, spending 116% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income grew from $52k to $54k (+3.7%), an average of +3.7% a year. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Way Incorporated sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($54k), PTA Florida Congress ($54k) and El Segundo Nursery School Group ($54k).

On its Form 990-EZ for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.