Way to Go Inc

Analysis

Way to Go Inc is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in June 2005, 21 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, Way to Go Inc reported income of $402k and spending of $416k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $315k to $402k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Way to Go Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Metropolitan Fresh Start House ($402k), Accessible Coastal Carolina Events Sports and Services ($402k) and South Benton Resource Center ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $69k (17% of expenses). At year end it held assets of $156k against liabilities of $28k, net assets of $129k. It reported 3 employees.