A Better Way of Living Inc

Analysis

A Better Way of Living Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 2002, 24 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, A Better Way of Living Inc reported income of $5.7m and spending of $6.7m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.7m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Better Way of Living Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NM. Charities of a similar size with the same main cause include Martha Lloyd Intermediate Care Facilities for Intellectual Disabi ($5.7m), Badger Prairie Needs Network Inc ($5.7m) and St John of God Community Services ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $119k (1.8% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $1.1m against liabilities of $396k, net assets of $733k. It reported 210 employees.