Straightwaysla Inc

Analysis

Straightwaysla Inc is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in March 2022, 4 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, Straightwaysla Inc reported income of $59k and spending of $83k, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $59k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Straightwaysla Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include St John the Baptist Conference of St Vincent de Paul Society Inc ($59k), Ukiah Valley Christmas Effort ($59k) and Ole Glory Warriors Retreat ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,104 against liabilities of $4,800, net assets of $304.