A Better Way Services Inc

Analysis

A Better Way Services Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in August 1972, 54 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 2023, A Better Way Services Inc reported income of $11.1m and spending of $5.6m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $11.1m (+498%), an average of +56% a year. The sharpest change came in the year to June 2023, when income rose by 116%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A Better Way Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Tenant Resource Center Inc ($11.1m), Bethany Lutheran Health Services ($11.1m) and Boys & Girls Clubs of Greater Redlands-Riverside ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $124k (2.2% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $10.9m against liabilities of $1.1m, net assets of $9.8m. It reported 134 employees.