Wayforward

Analysis

Wayforward is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2015, 11 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, Wayforward reported income of $2.4m and spending of $1.8m, leaving 24% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $558k to $2.4m (+323%), an average of +62% a year. The sharpest change came in the year to December 2021, when income rose by 160%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wayforward sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Converse County Aging Services ($2.4m), Downtown Soup Kitchen ($2.4m) and El Centro de Libertad ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $589k against liabilities of $0, net assets of $589k. It reported 10 employees.