Ruths Way
- Assets
- $20.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Boston, MA
- Founding
- 10/2016
- Data as of
- 06/2022
- EIN
- 47-1662346
Organization Overview
Ruths Way is located in East Boston, MA. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruths Way is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Ruths Way generated $113.9k in total revenue. All expenses for the organization totaled $98.8k during the year ending 06/2022. While expenses have increased by 118.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Lawrence O'brien Director | 0 | $0 | |
Robyn Stroud Secretary | 0 | $0 | |
Maria Dampolo Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,944 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,944 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,950 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $43,200 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,606 |
| Total expenses | $98,756 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,679 |
| Other assets | $0 |
| Total assets | $20,679 |
| Total liabilities | $0 |
| Net assets or fund balances | $20,679 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ruths Way has recieved totaling $5,025.
| Awarding Organization | Amount |
|---|---|
East Boston Saving Bank Charitable Foundation Inc Rockland, MA PURPOSE: EXEMPT PURPOSES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
Mosdos Hatorah Vhachesed Of Pnei Menachem Inc Brooklyn, NY | $56,343 | $6,197,826 |
The Red Sox Foundation Inc Boston, MA | $19,048,615 | $7,450,414 |
Iranian American Jewish Federation Great Neck, NY | $8,464,426 | $7,729,135 |
Bend The Arc-A Jewish Partnership For Justice New York, NY | $14,031,753 | $6,022,262 |