Way of Compassion Foundation

Analysis

Way of Compassion Foundation is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in June 2014, 12 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, Way of Compassion Foundation reported income of $85k and spending of $85k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $85k (-29%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Way of Compassion Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within CO. Charities of a similar size with the same main cause include Sheltering Grace Ministry Ltd ($85k), Center for Food Equity in Medicine ($85k) and Behold My King Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. At year end it held assets of $19k against liabilities of $9,718, net assets of $9,034.