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Gods Way Home Inc

RegisteredEIN 83-3283417Rainelle, WVHousing and shelter
Income$420k2023-12
Spending$442ksame year
Spent / received77%2-year average
Size in its cause53rd pctHousing and shelter
Exempt since2019Publicly supported organisat
Employees14latest return

Analysis

Gods Way Home Inc is a registered charity in United States, based in Rainelle, WV. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Gods Way Home Inc reported income of $420k and spending of $442k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $469k to $420k (-10%), an average of -10% a year. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gods Way Home Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WV. Charities of a similar size with the same main cause include Sunshine of Warren-Trumbull Area Inc ($420k), Gratiot County Hope House ($420k) and Room at the Inn ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $26k (5.9% of expenses). Other salaries and wages came to $157k. At year end it held assets of $210k against liabilities of -$994, net assets of $211k. It reported 14 employees.

Income and spending

$0$117k$234k$351k$469k2022 Income: $468,6442022 Spending: $240,48020222023 Income: $419,6922023 Spending: $442,4892023
IncomeSpending

Where the income comes from

  • Contributions & grants 91%
  • Program services 9.0%

Similar-sized charities, same cause

CharityLocationIncome
Sunshine of Warren-Trumbull Area IncWarren$420k
Gratiot County Hope HouseSaint Louis$420k
Room at the InnMarquette$420k
Memorial Hospital and Homes Association IncPerham$420k