The Way 2 Serve Inc

Analysis

The Way 2 Serve Inc is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in February 2009, 17 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 Way 2 Serve Inc reported income of $297k and spending of $260k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $297k (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Way 2 Serve Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Immigration Advocacy and Support Center Inc ($297k), STW Charities Inc ($297k) and Love Inc of the Boise Community Incorporated ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $98k (38% of expenses). Other salaries and wages came to $29k. At year end it held assets of $460k against liabilities of $0, net assets of $460k. It reported 4 employees.