New Way Center

Analysis

New Way Center is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Way Center reported income of $169k and spending of $171k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $194k to $169k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2022, when income rose by 191%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Way Center sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within LA. Charities of a similar size with the same main cause include Integration Family Services ($169k), Tabithas Place Inc ($169k) and Rock Services Inc ($169k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $119k. At year end it held assets of $228k against liabilities of $27k, net assets of $202k. It reported 8 employees.