My Way Out Inc

Analysis

My Way Out Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, My Way Out Inc reported income of $272k and spending of $207k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $152k to $272k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 65% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, My Way Out Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within WI. Charities of a similar size with the same main cause include Fort Wayne Pride Inc ($272k), Reclaim Inc ($272k) and Moms for Liberty Foundation ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $105k (51% of expenses). Other salaries and wages came to $1,406. At year end it held assets of $156k against liabilities of $6,810, net assets of $149k. It reported 4 employees.