The Way Home Inc
The Way Home Inc: Financial Reporting Gaps Raise Concerns
EIN: 223004892 · Manchester, NH · NTEE: L82Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Program Spending | 75% |
| Net Assets | $1 |
| Transparency Score | 65/100 |
Is The Way Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Way Home Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Way Home Inc
The Way Home Inc (EIN: 223004892) is a nonprofit organization based in Manchester, NH, classified under NTEE code L82Z. The organization reported total revenue of $0 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Way Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Way Home Inc is a micro nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | -100.0% | -100.0% |
| 2021 | +32.5% | +6.8% | -34.1% |
| 2020 | -4.3% | -4.3% | +5.6% |
| 2019 | +10.1% | +10.4% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Way Home Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, The Way Home Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Way Home Inc's IRS 990 filings:
- Missing financial data for 2022 and 2023 raises significant transparency concerns and hinders a complete financial analysis.
- The provided data lacks specific breakdowns for program, administrative, and fundraising expenses, requiring estimations for spending allocation.
- The organization's most recent available financial information is from 2021, indicating a lag in public reporting.
Strengths
The following positive indicators were identified for The Way Home Inc:
- Historically, the organization has shown consistent revenue generation prior to the missing data period (2016-2021).
Frequently Asked Questions about The Way Home Inc
Is The Way Home Inc a legitimate charity?
The Way Home Inc (EIN: 223004892) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does The Way Home Inc spend its money?
The Way Home Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Way Home Inc tax-deductible?
The Way Home Inc is registered as a tax-exempt nonprofit (EIN: 223004892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Way Home Inc's spending goes to programs?
The Way Home Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Way Home Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), The Way Home Inc is above average for NTEE category L82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Way Home Inc located?
The Way Home Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 223004892. It is classified under NTEE code L82Z.
How many years of IRS 990 filings does The Way Home Inc have?
The Way Home Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does The Way Home Inc do?
The Way Home Inc is a nonprofit organization in the Housing & Shelter sector, located in Manchester, New Hampshire. It is classified under NTEE code L82Z.
How much revenue does The Way Home Inc have?
The Way Home Inc reported total revenue of N/A. Based on 13 IRS 990 filings on record.
What are The Way Home Inc's total assets?
The Way Home Inc holds total assets of $1 as reported in IRS 990 filings.
Where is The Way Home Inc located?
The Way Home Inc is based in Manchester, New Hampshire.
What is The Way Home Inc's EIN?
The Way Home Inc's Employer Identification Number (EIN) is 223004892. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Way Home Inc?
The Way Home Inc is classified under NTEE code L82Z (Housing & Shelter).
Is The Way Home Inc a registered 501(c)(3)?
Yes, The Way Home Inc is recognized as a tax-exempt organization by the IRS. EIN: 223004892.
Does The Way Home Inc file IRS Form 990?
Yes, The Way Home Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was The Way Home Inc's revenue in 2023?
In the 202306 filing period, The Way Home Inc reported total revenue of N/A, total expenses of N/A, and net assets of $1.
Is The Way Home Inc's revenue growing or declining?
The Way Home Inc's revenue is relatively stable. Revenue went from N/A (202206) to N/A (202306), a 0.0% change. Based on 13 filings on record.
What is The Way Home Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Way Home Inc covers tax period 202306. It shows revenue of N/A, expenses of N/A, total assets of $1, and liabilities of N/A.
How much does The Way Home Inc spend on programs vs administration?
Based on IRS 990 analysis, The Way Home Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The Way Home Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Way Home Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for The Way Home Inc?
The following concerns were identified: Missing financial data for 2022 and 2023 raises significant transparency concerns and hinders a complete financial analysis.. The provided data lacks specific breakdowns for program, administrative, and fundraising expenses, requiring estimations for spending allocation.. The organization's most recent available financial information is from 2021, indicating a lag in public reporting.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Way Home Inc's strengths?
Positive indicators for The Way Home Inc include: Historically, the organization has shown consistent revenue generation prior to the missing data period (2016-2021).. These findings are derived from AI analysis of the organization's financial filings.
How does The Way Home Inc compensate executives?
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is The Way Home Inc?
• Financial data for 2022 and 2023 is missing from the provided filings, making a current assessment of financial health impossible. • Detailed breakdowns of program, administrative, and fundraising expenses are not available in the provided data, leading to an estimated spending breakdown. • The organization's most recent available full financial data is from 2021. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is the reason for the complete absence of revenue, expenses, and assets in the 2022 and 2023 filings?
The provided data shows 'r0,x0,a0,l0,c0%' for 202206 and 'r0,x0,a1,l0,c0%' for 202306, which indicates either a failure to file complete financial statements or that the data was not captured in the provided extract. This is a critical gap for evaluating current operations.
How does the organization ensure accountability and public trust when recent financial data is unavailable?
Without current financial data, it is challenging for stakeholders to assess the organization's financial health, operational efficiency, and adherence to its mission. This lack of transparency can erode public trust and make it difficult for donors to make informed decisions.
Filing History
IRS 990 filing history for The Way Home Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Way Home Inc's revenue has declined by 100%, moving from $1.7M to $0. Total assets decreased by 100% over the same period, from $2.6M to $1. Total functional expenses fell by 100%, from $1.7M to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $0 | $1 | $0 | — | — |
| 2022 | $0 | $0 | $0 | $0 | — | — |
| 2021 | $1.9M | $1.6M | $1.9M | $1.5M | — | — |
| 2020 | $1.5M | $1.5M | $2.9M | $2.8M | — | View 990 |
| 2019 | $1.5M | $1.6M | $2.7M | $2.5M | — | View 990 |
| 2018 | $1.4M | $1.5M | $2.7M | $2.4M | — | View 990 |
| 2017 | $1.4M | $1.5M | $2.8M | $2.4M | — | — |
| 2016 | $1.3M | $1.4M | $2.8M | $2.4M | — | View 990 |
| 2015 | $1.6M | $1.7M | $3.0M | $2.6M | — | View 990 |
| 2014 | $1.4M | $1.5M | $3.2M | $2.6M | — | View 990 |
| 2013 | $1.9M | $1.5M | $3.2M | $2.6M | — | View 990 |
| 2012 | $1.3M | $1.3M | $2.6M | $2.3M | — | View 990 |
| 2011 | $1.7M | $1.7M | $2.6M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $0, and assets of $1.
- 2022: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.6M, and assets of $1.9M (revenue +32.5% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.5M, and assets of $2.9M (revenue -4.3% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $2.7M (revenue +10.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.5M, and assets of $2.7M (revenue -3.1% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $2.8M (revenue +6.2% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.4M, and assets of $2.8M (revenue -17.3% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.7M, and assets of $3.0M (revenue +13.9% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $3.2M (revenue -23.4% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.5M, and assets of $3.2M (revenue +43.0% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $2.6M (revenue -23.5% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Way Home Inc:
Data Sources and Methodology
This transparency report for The Way Home Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.