Way Back

Analysis

Way Back is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Way Back reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $615k to $2.0m (+227%), an average of +34% a year. The sharpest change came in the year to June 2020, when income rose by 101%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Way Back sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Wisconsin Right to Life Education Fund ($2.0m), Boys & Girls Club of Boone County Inc ($2.0m) and International Municipal Lawyers Association Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.1m against liabilities of $152k, net assets of $959k.