The Way Retreat Center

Analysis

The Way Retreat Center is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in March 2015, 11 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 2022, The Way Retreat Center reported income of $260k and spending of $468k, spending 180% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income fell from $768k to $260k (-66%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 132% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Way Retreat Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Revive Inc ($260k), Jafaria Islamic Society ($260k) and Trustees of Endowments for St Marks Church ($260k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. Other salaries and wages came to $27k. At year end it held assets of $7.5m against liabilities of $14k, net assets of $7.4m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.