Ruths Way

Analysis

Ruths Way is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Ruths Way reported income of $204k and spending of $243k, spending 119% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $117k to $204k (+74%), an average of +74% a year. The sharpest change came in the year to June 2024, when income rose by 74%. Over the whole period it spent 132% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ruths Way sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Peoples Port Authority ($204k), Interim House West Facilities Inc ($204k) and Refuli Inc ($204k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $62k. At year end it held assets of -$80k against liabilities of $0, net assets of -$80k. It reported 2 employees.