Way 2 Love Inc

Analysis

Way 2 Love Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2 Love Inc reported income of $162k and spending of $148k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $162k (+152%), an average of +152% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Way 2 Love Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include All City Youth Programs ($162k), Colchester Cobra Wrestling Club Inc ($162k) and Lapd Youth Foundation ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 93% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.