Way of the Rain Inc

Analysis

Way of the Rain Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Way of the Rain Inc reported income of $108k and spending of $175k, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $379k to $108k (-72%), an average of -27% a year. The sharpest change came in the year to December 2021, when income rose by 411%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Way of the Rain Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within NM. Charities of a similar size with the same main cause include Friends of Argentine Tango Inc ($108k), Pierre Players Inc ($108k) and Sunflower Rod and Custom Association ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $60k (34% of expenses). Other salaries and wages came to $32k. At year end it held assets of $103k against liabilities of $3,465, net assets of $99k.