Tabithas Way

Analysis

Tabithas Way is a registered charity in United States, based in Spanish Fork, UT. It received its IRS tax-exemption ruling in May 2011, 15 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, Tabithas Way reported income of $12.4m and spending of $9.3m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $12.4m (+133%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tabithas Way sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within UT. Charities of a similar size with the same main cause include Modern Maturity Center Inc ($12.4m), Circle of Care for Families and Children of Passaic County Inc ($12.4m) and Mountain Valley Child and Family Services Inc ($12.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (0.8% of expenses). Other salaries and wages came to $985k. At year end it held assets of $6.8m against liabilities of $488k, net assets of $6.3m. It reported 31 employees.