Our Way Inc

Analysis

Our Way Inc is a registered charity in United States, based in Merrill, WI. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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, Our Way Inc reported income of $1.5m and spending of $1.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Way Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Senior Center of Jackson Hole Inc ($1.5m), Taylor County Senior Citizens Inc ($1.5m) and Eagle Point Christian Academy ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $66k (4.8% of expenses). Other salaries and wages came to $892k. At year end it held assets of $1.6m against liabilities of $4,416, net assets of $1.6m. It reported 44 employees.