Nuway Alliance

Analysis

Nuway Alliance is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nuway Alliance reported income of $21.1m and spending of $28.1m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $606k to $21.1m (+3375%), an average of +143% a year. The sharpest change came in the year to December 2020, when income rose by 1650%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nuway Alliance sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Carilion Tazewell Community Hospital ($21.0m), Marietta Memorial Hospital of Tyler County Inc ($21.1m) and Vna Inc ($21.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $2.2m (7.8% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $12.1m against liabilities of $6.0m, net assets of $6.1m. It reported 89 employees.