Neway Works Inc

Analysis

Neway Works Inc is a registered charity in United States, based in Mount Clemens, MI. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Neway Works Inc reported income of $102k and spending of $88k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $102k (+14%), an average of +14% a year. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neway Works Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Nwhsu Student Senate ($102k), CJ Macon Scholarship Foundation ($102k) and The Gardiner Foundation ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.