Volunteer Way Inc

Analysis

Volunteer Way Inc is a registered charity in United States, based in Port Richey, FL. It received its IRS tax-exemption ruling in June 1999, 27 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, Volunteer Way Inc reported income of $5.6m and spending of $5.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.4m to $5.6m (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Volunteer Way Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include The Albany Damien Center Inc ($5.6m), Mina Charter School of Lee County Inc ($5.6m) and Healthy Harvest Food Bank Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3,000. At year end it held assets of $2.3m against liabilities of $10k, net assets of $2.3m. It reported 10 employees.