Wings of the Way Inc

Analysis

Wings of the Way Inc is a registered charity in United States, based in LA Habra, CA. It received its IRS tax-exemption ruling in May 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, Wings of the Way Inc reported income of $130k and spending of $103k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $130k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wings of the Way Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Scotties Gift Foundation ($130k), Roccos Voice for Autism Corp ($130k) and Leto Fund Inc ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $117k against liabilities of $38k, net assets of $79k.