Way Counseling Network Inc

Analysis

Way Counseling Network Inc is a registered charity in United States, based in Port Orange, FL. It received its IRS tax-exemption ruling in April 2017, 9 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 Counseling Network Inc reported income of $192k and spending of $199k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $214k to $192k (-9.9%), an average of -2.6% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Way Counseling Network Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Stripes of a Warrior Inc ($192k), Connecticut Community Empowerment Foundation Inc ($192k) and Thrive Center Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $62k. At year end it held assets of $42k against liabilities of $5,692, net assets of $37k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.