New Way Global

Analysis

New Way Global is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Way Global reported income of $249k and spending of $200k, spending 80% of its income. Across the 5 years on record, from December 2017 to December 2023, income grew from $1,500 to $249k (+16502%), an average of +259% a year. The sharpest change came in the year to December 2019, when income rose by 1697%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Way Global sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within SC. Charities of a similar size with the same main cause include Joy Research and Service Center for the Disabled Inc ($249k), A Servants Heart ($249k) and International Building Performance Simulation Association-Usa ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $13k (6.3% of expenses). Other salaries and wages came to $77k. At year end it held assets of $235k against liabilities of $5,374, net assets of $229k. It reported 8 employees.