Ways for Life Inc

Analysis

Ways for Life Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in November 2019, 7 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, Ways for Life Inc reported income of $921k and spending of $785k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $210k to $921k (+338%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ways for Life Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Community Bridges Incorporated ($921k), Professional Fire Fighters of Wisconsin Charitable Foundation ($921k) and Porter County Council on Aging & Community Services Inc ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $357k. At year end it held assets of $454k against liabilities of $31k, net assets of $423k. It reported 13 employees.