Raegan Sharnae Way

Analysis

Raegan Sharnae Way is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in January 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 June 2024, Raegan Sharnae Way reported income of $51k and spending of $49k, spending 94% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $47k to $51k (+8.4%), an average of +8.4% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raegan Sharnae Way sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Kiowa County United Inc ($51k), Psara Education Fund ($51k) and Central Council of the Society of St Vincent de Paul in the Diocese ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $32k against liabilities of $32k, net assets of $0.