Way Of Compassion Foundation
EIN: 460541360 · Carbondale, CO · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $137K |
| Total Expenses | $85K |
| Net Assets | $9K |
Is Way Of Compassion Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Way Of Compassion Foundation
Way Of Compassion Foundation (EIN: 460541360) is a nonprofit organization based in Carbondale, CO, classified under NTEE code P20. The organization reported total revenue of $137K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Way Of Compassion Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Way Of Compassion Foundation is a small nonprofit that has been operating for 12 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $85K |
| Surplus / Deficit | +$522 |
| Total Assets | $19K |
| Total Liabilities | $10K |
| Net Assets | $9K |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 51.8% |
| Months of Reserves | 2.7 months |
Financial Health Grade: B
In 2023, Way Of Compassion Foundation reported a surplus of $522 with revenue exceeding expenses, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 51.8% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Way Of Compassion Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.5% | -28.2% | +0.8% |
| 2022 | -1.8% | +0.9% | -15.7% |
| 2021 | +53.3% | +65.9% | +47.1% |
| 2020 | -17.0% | -36.2% | +30.3% |
| 2019 | -36.6% | -32.3% | -60.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Way Of Compassion Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Way Of Compassion Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $522, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.8%.
Frequently Asked Questions about Way Of Compassion Foundation
Is Way Of Compassion Foundation a legitimate charity?
Way Of Compassion Foundation (EIN: 460541360) is a registered tax-exempt nonprofit based in Colorado. It has 7 years of IRS 990 filings on record. Total revenue: $137K. No red flags identified. Financial health grade: B.
How does Way Of Compassion Foundation spend its money?
Way Of Compassion Foundation reported $137K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Way Of Compassion Foundation tax-deductible?
Way Of Compassion Foundation is registered as a tax-exempt nonprofit (EIN: 460541360). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Way Of Compassion Foundation located?
Way Of Compassion Foundation is headquartered in Carbondale, Colorado and files with the IRS under EIN 460541360. It is classified under NTEE code P20.
How many years of IRS 990 filings does Way Of Compassion Foundation have?
Way Of Compassion Foundation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $137K in total revenue.
Filing History
IRS 990 filing history for Way Of Compassion Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Way Of Compassion Foundation's revenue has declined by 4.4%, moving from $89K to $85K. Total assets decreased by 32.9% over the same period, from $28K to $19K. Total functional expenses rose by 31.8%, from $64K to $85K. In its most recent filing year (2023), Way Of Compassion Foundation reported a surplus of $522, with revenue exceeding expenses. The organization holds $10K in liabilities against $19K in assets (debt-to-asset ratio: 51.8%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $85K | $19K | $10K | — | — |
| 2022 | $119K | $118K | $19K | $6K | — | View 990 |
| 2021 | $122K | $117K | $22K | $6K | — | — |
| 2020 | $79K | $71K | $15K | $7K | — | — |
| 2019 | $96K | $111K | $12K | $12K | — | View 990 |
| 2018 | $151K | $164K | $29K | $14K | — | View 990 |
| 2017 | $89K | $64K | $28K | $607 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $85K, and assets of $19K (revenue -28.5% year-over-year).
- 2022: Revenue of $119K, expenses of $118K, and assets of $19K (revenue -1.8% year-over-year).
- 2021: Revenue of $122K, expenses of $117K, and assets of $22K (revenue +53.3% year-over-year).
- 2020: Revenue of $79K, expenses of $71K, and assets of $15K (revenue -17.0% year-over-year).
- 2019: Revenue of $96K, expenses of $111K, and assets of $12K (revenue -36.6% year-over-year).
- 2018: Revenue of $151K, expenses of $164K, and assets of $29K (revenue +68.7% year-over-year).
- 2017: Revenue of $89K, expenses of $64K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Way Of Compassion Foundation:
Data Sources and Methodology
This transparency report for Way Of Compassion Foundation 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.