Compass Finances God S Way Inc

Analysis

Compass Finances God S Way Inc is a registered charity in United States, based in Lake Mary, FL. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Compass Finances God S Way Inc reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $1.2m (+244%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Compass Finances God S Way Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Samaritan Colony Incorporated ($1.2m), Illinois Partners in Hope NFP ($1.2m) and Urban Dreams ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $578k. At year end it held assets of $1.6m against liabilities of $278k, net assets of $1.3m. It reported 14 employees.