Way Finders Inc
1780 Main St, Springfield, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $160,465,214 | $158,349,776 | $20,303,452 |
| FY2024 | $129,839,663 | $129,290,056 | $18,188,014 |
| FY2023 | $113,124,627 | $112,785,347 | $17,638,407 |
| FY2022 | $168,594,430 | $168,385,357 | $17,299,127 |
| FY2021 | $108,391,886 | $105,109,255 | $17,090,054 |
| FY2020 | $78,199,932 | $77,677,458 | $13,807,423 |
| FY2019 | $81,397,275 | $77,895,462 | $13,284,949 |
| FY2018 | $71,634,248 | $70,818,652 | $9,783,136 |
| FY2017 | $69,436,611 | $69,872,197 | $8,967,540 |
| FY2016 | $67,623,473 | $68,397,527 | $9,403,126 |
| FY2015 | $61,206,524 | $61,115,709 | $10,177,180 |
| FY2014 | $61,758,669 | $60,842,154 | $9,471,832 |
| FY2013 | $61,545,784 | $60,982,952 | $8,555,317 |
| FY2012 | $54,676,794 | $54,029,177 | $7,992,485 |
Form 990 filings
The returns filed by Way Finders Inc (EIN 04-2518368), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $149,796,692 | 93% |
| Program service revenue | $3,598,750 | 2% |
| Other revenue | $7,069,772 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $153,574,944 | 97% |
| Management & general | $4,072,540 | 3% |
| Fundraising | $702,292 | <1% |
What the numbers show
- Contributions & grants made up 93% of total revenue in FY2025.
- Program services accounted for 97% of functional expenses, management & general 3%, and fundraising 0%.
- 97% of functional expenses went to program services in FY2025. That is higher than 89.8% of 49 Housing & Shelter organizations in MA.
- Net assets covered about 1.5 months of expenses at the end of the reporting year. That puts it in the 32nd percentile among 597 Housing & Shelter organizations in MA.
- Total revenue was the highest among 617 Housing & Shelter organizations in MA.
- Total revenue rose from $54,676,794 in FY2012 to $160,465,214 in FY2025. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2016, FY2017).
- The highest revenue on record here is $168,594,430 in FY2022.
- Net assets grew from $7,992,485 to $20,303,452 between FY2012 and FY2025.
- Contributions and grants made up 2% of revenue in FY2012 and 93% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
WAY FINDERS, INC. IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE HOUSING ASSISTANCE AND TECHNICAL ASSISTANCE TO LOW-INCOME AND DISABLED INDIVIDUALS IN WESTERN MASSACHUSETTS.
IRS status
| Ruling year | 1994 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L210 — Housing & Shelter (in MA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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