Overview
What is His Way Inc?
His Way Inc is a nonprofit organization based in Ridgeland, Mississippi. Its primary mission is to support other charitable organizations that cater to underprivileged, neglected, abused, or homeless children under the age of 18. The organization's purpose is to contribute financially to these charities, with the stipulation that the funds are utilized to meet the needs of at-risk, abused, neglected, or homeless children. Services provided by the recipient charities may include food, clothing, shelter, after-school mentoring programs, supplies and equipment, medical and remedial care, and construction. The contributions made by His Way Inc are at the discretion of their board of directors and may also fund other services directly related to meeting the needs of the children served. With a total of 22 employees, His Way Inc is committed to making a significant impact in the lives of vulnerable children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
His Way Inc has achieved a high rating of 90%, earning a prestigious Four-Star designation from Charity Navigator, which reflects strong accountability and financial health. This rating is based entirely on the Accountability & Finance beacon, indicating a solid commitment to maintaining transparency and responsible financial management.
The organization demonstrates excellent governance with a fully independent board, consisting of eight members, ensuring impartial oversight. Key financial indicators are positive, including a low liabilities to assets ratio of 6.03% and a program expense ratio of 90.77%, which suggests that a significant majority of funds are directed towards program activities rather than administrative costs.
There are no noted issues regarding material diversion of assets, and the presence of strong policies for conflict of interest and document retention adds to the organization's overall credibility. These factors contribute to a favorable view of His Way Inc as a trustworthy nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is His Way Inc legitimate?
His Way Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. His Way Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $108,865
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,427
For more financial information, click here
What is the mission statement of His Way Inc?
His Way Inc's mission is centered around serving the needs of children under the age of 18. They achieve this by making monetary contributions to other 501(c)(3) charities, whose primary purpose is to cater to the needs of underprivileged, at-risk, abused, neglected, or homeless children. The support provided can include essentials like food, clothing, shelter, after-school mentoring programs, supplies and equipment, medical and remedial care, and construction. At the discretion of His Way Inc's board of directors, contributions may also be made to charities for services directly related to meeting the needs of the children served. The organization's objective is to provide support to charities that nurture and assist these vulnerable children.
Who is the CEO of His Way Inc?
Larry Taylor is the President of His Way Inc.
What is the revenue of His Way Inc?
His Way Inc's revenue in 2022 was $884,335.
Who are the executives of His Way Inc and what are their salaries?
The average compensation at His Way Inc during 2022 was $6,650. There are 22 employees at His Way Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $120,961
- Related: $0
- Other: $1,403
Where can I find the form 990 for His Way Inc?
His Way Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of His Way Inc
His Way Inc, a charitable organization, is dedicated to serving the needs of children under the age of 18. Their primary mission is to make monetary contributions to other 501(c)(3) charities, whose principal purpose and objective is to cater to the needs of underprivileged, at-risk, abused, neglected, or homeless children. The services provided by these charities can range from providing food, clothing, shelter, after-school mentoring programs, supplies and equipment, medical and remedial care, and construction, to funding other services that directly benefit the children they serve. At His Way Inc's discretion, contributions may also be made to charities to support services that align with their mission of aiding children in need. In essence, His Way Inc provides financial support to organizations that nurture and assist underprivileged, neglected, abused, or homeless children.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
His Way Inc's impact is seen in the support provided to organizations that operate programs nurturing and assisting underprivileged, neglected, abused, or homeless children. Through monetary contributions to 501(c)(3) organizations serving these children's needs, His Way Inc plays a crucial role in addressing the challenges faced by vulnerable youth. This support helps in providing essential services such as food, clothing, shelter, mentorship programs, medical care, and more, ultimately making a positive difference in the lives of those in need.
This information is meant to be a general summary of His Way Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$5,670
- Gross Receipts: $5,832,219
Assets and Liabilities:
- Total Assets: $1,600,122
- Total Liabilities: $96,556
- Net Assets: $1,503,566
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1986
Phone
(601) 605-4420Principal Officer
Larry Taylor
Main Address
PO BOX 3343, RIDGELAND, MS, 39158
NTEE Category
Code: P200 - Human services
If you are a representative of His Way Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.