Known As the Way

Analysis

Known As the Way is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Known As the Way reported income of $71k and spending of $75k, spending 106% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $237k to $71k (-70%), an average of -45% a year. The sharpest change came in the year to December 2022, when income dropped by 70%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Known As the Way sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Haecceitas Inc ($71k), North Fork Youth Ministry ($71k) and Ministerios El Vive ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $190k against liabilities of $587, net assets of $189k.