Way Church

Analysis

Way Church is a registered charity in United States, based in Morning Sun, IA. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Way Church reported income of $59k and spending of $57k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $59k (-25%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Way Church sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include Christ at the Sea Foundation ($59k), Sri Sri Gyan Vikas Kendra Inc ($59k) and Bangladesh Puja Samiti of New York Inc ($59k).

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 $209k against liabilities of $0, net assets of $209k.