New Ways to Work Inc

Analysis

New Ways to Work Inc is a registered charity in United States, based in Montebello, CA. It received its IRS tax-exemption ruling in June 1978, 48 years ago. 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 Ways to Work Inc reported income of $1.6m and spending of $1.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $249k to $1.6m (+527%), an average of +58% a year. The sharpest change came in the year to June 2022, when income rose by 269%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Ways to Work Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Hutchinson Bell Inc ($1.6m), New York State Weatherization Directors Assoc Inc ($1.6m) and National Park College Foundation Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $183k (13% of expenses). Other salaries and wages came to $80k. At year end it held assets of $1.2m against liabilities of $733k, net assets of $464k. It reported 2 employees.