His Way Resources Inc

Analysis

His Way Resources Inc is a registered charity in United States, based in Fletcher, NC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, His Way Resources Inc reported income of $278k and spending of $277k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $203k to $278k (+37%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, His Way Resources Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include St Francis of Assisi Parish CHRTBL Foundation Inc ($278k), Rising Above Ministries ($278k) and Shirdi Sai Society of Troy ($278k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 76% and program service revenue 13% of the total. At year end it held assets of $47k against liabilities of $5,330, net assets of $42k.