Another Way Inc

Analysis

Another Way Inc is a registered charity in United States, based in Farmington, PA. It received its IRS tax-exemption ruling in November 1994, 32 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 June 2024, Another Way Inc reported income of $1.3m and spending of $967k, leaving 25% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $754k to $1.3m (+72%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 85% 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 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Visual Armenia Foundation ($1.3m), Vera House Inc ($1.3m) and The Foundation for Geriatric Education ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $398k. At year end it held assets of $2.0m against liabilities of $113k, net assets of $1.8m.