Way to Rise

Analysis

Way to Rise is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 to Rise reported income of $23.0m and spending of $14.6m, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $3.3m to $23.0m (+589%), an average of +589% a year. The sharpest change came in the year to December 2023, when income rose by 589%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Way to Rise sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Speyer Legacy School ($23.0m), Oakland City University ($23.0m) and Episcopal Day Private School of Manatee County Inc ($23.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11.8m against liabilities of $68k, net assets of $11.7m.