The Way

Analysis

The Way is a registered charity in United States, based in Evergreen, CO. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Way reported income of $382k and spending of $403k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $382k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Way sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Forming Lives Inc ($382k), Region II Head Start Association ($382k) and Bird Rock Foundation Inc ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $220k (54% of expenses). At year end it held assets of $226k against liabilities of $39k, net assets of $187k. It reported 1 employees.