The Layne

Analysis

The Layne is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Layne reported income of $343k and spending of $314k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $189k to $343k (+82%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Layne sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Bayyinah Foundation ($343k), Key of David Ministries Non Proft Organization ($343k) and Steeple to People Ministries Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $146k (46% of expenses). At year end it held assets of $58k against liabilities of $0, net assets of $58k. It reported 2 employees.