Better Way Inc

Analysis

Better Way Inc is a registered charity in United States, based in Wells, MN. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Better Way Inc reported income of $83k and spending of $84k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $108k to $83k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Better Way Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MN. Charities of a similar size with the same main cause include Moriches Community Center Inc ($83k), Inkind Inc ($83k) and Maupin Area Chamber Endowment ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $129k against liabilities of $17k, net assets of $112k.