New Way Church

Analysis

New Way Church is a registered charity in United States, based in Enterprise, AL. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Way Church reported income of $110k and spending of $98k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $117k to $110k (-6.3%), an average of -3.2% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Way Church sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within AL. Charities of a similar size with the same main cause include Outdoor Christian Ministries ($110k), Broken & Hopeful Incorporated ($110k) and Lord of the Harvest Ministries Intl Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.