1st Way of Eugene Inc

Analysis

1st Way of Eugene Inc is a registered charity in United States, based in Springfield, OR. It received its IRS tax-exemption ruling in May 1974, 52 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 2023, 1st Way of Eugene Inc reported income of $83k and spending of $37k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $83k (+120%), an average of +120% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 1st Way of Eugene Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within OR. Charities of a similar size with the same main cause include Little League Baseball Inc ($83k), Wisconsin Womens Network Inc ($83k) and PTA Massachusetts Parent-Teacher Association Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.