Revenue generally exceeding expenses in recent periods, indicating financial sustainability.
Spending Breakdown
How Way Home Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Way Home Inc
Is Way Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Way Home Inc (EIN: 134264074) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Way Home Inc a good charity to donate to?
Way Home Inc has a Mission Score of 85/100. Revenue: $698K. Assets: $805K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Way Home Inc?
The Employer Identification Number (EIN) for Way Home Inc is 134264074. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Way Home Inc spend its money?
Way Home Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Way Home Inc's tax-exempt status?
You can verify Way Home Inc's tax-exempt status using EIN 134264074 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Way Home Inc demonstrates a generally positive financial trajectory, with recent years showing significant growth in both revenue and assets. For example, revenue increased from $388,836 in 2021 to $637,198 in 2022, and assets grew from $196,885 to $422,884 in the same period. The organization consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. While the latest filing (202312) shows expenses ($475,089) slightly lower than revenue ($501,422), indicating a surplus, the liabilities increased significantly from $4,848 in 2022 to $257,077 in 2023, which warrants further investigation to understand the nature of this increase and its potential impact on financial stability. Overall, the organization appears to be growing and managing its finances reasonably well, with a notable commitment to minimizing administrative overhead related to executive pay.