New Way Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 448,676 | 511,568 | −62,892 | 11.7 | 9% |
| 2020 | 944,196 | 444,229 | 499,967 | 30.5 | 0% |
| 2021 | 1,240,481 | 654,427 | 586,054 | 20.6 | 0% |
In its most recent public year (2021), this organization brought in $586,054 more than it spent. Its reserves stood at about 20.6 months of spending, up from 11.7 in 2019. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2021. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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